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5 Written questions

5 Matching questions

  1. Barter economy
  2. Liable
  3. Speculation
  4. Command Economy
  5. Cash
  1. a Also called communism
    Economic decisions are made by a central authority (like a king, powerful political party, or dictator). The government owns and controls all land and capital goods & decides what is produced, how its produced, and how much will be produced
  2. b Legally responsible for something

    Business owners are liable for their business
  3. c People used to trade objects or services directly for other objects and services
  4. d Coins and paper money. It is also called currency. This is fiat money and is the most commonly used form of money
  5. e Guessing the price of stock prices

5 Multiple choice questions

  1. Money must be easy to carry around
  2. A license to become a corporation
  3. A special kind of check that represents money in a bank or large company. They are sold for face value with an extra fee, but they will be replaced if lost or stolen
  4. Money made from selling stocks for more money than what you bought them for.

    This is one way stockholders earn money from investing in stocks
  5. The object used for money stands for something else that has value

    Examples: Checks

5 True/False questions

  1. Money must be DURABLEMoney must last a long time

          

  2. TotalitarianismGovernment has total power over people

          

  3. Adam SmithCoins and paper money. It is also called currency. This is fiat money and is the most commonly used form of money

          

  4. Bear MarketThe DOW is up and the stock market is strong. People are confident and are willing to invest

          

  5. Market EconomyAlso called capitalism
    Result of many people's buying and selling decisions. This type of economy is not run by anyone, it runs itself.
    People are free to buy and sell what they please