5 Written questions
5 Matching questions
- Credit Cards
- Money must be DURABLE
- Karl Marx
- a A business owned by a group of investors.
-20% of today's businesses are corporations & they are the largest type of business
-Corporations are treated as a legal entitty and must get a charter from the state in order to be incorporated
- b Not true money! When you use a credit card, you are borrowing money from a company and will pay it back later
- c Father of Communism
Wanted a command economy that would favor workers, not rulers. All property would be jointly owned by all people. Everyone would be equal in power, wealth, and rights.
- d Guessing the price of stock prices
- e Money must last a long time
5 Multiple choice questions
- Stocks that guarantee that stockholders will get dividends
- Money must be easy to carry around
- A pool (group) of money from investors that is used to buy stocks and bonds
- A business owned by 1 person.
-70% of today's businesses are sole proprietorships, but they only make about 10% sales in today's economy
-Examples: small retail stores, doctor's office
- Money is an object people use to buy goods and services. Instead of trading goods and services directly for other goods and services, we trade goods and services for money
5 True/False questions
Travelor's checks → 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
Bear Market → The DOW is up and the stock market is strong. People are confident and are willing to invest
Cash → A certificate promising to repay borrowed money with interest
-There are 2 types of bonds - corporate and municipal/government bonds
*Bonds are a safer investment than stocks
Market Economy → People used to trade objects or services directly for other objects and services
Stock certificate → A place where stocks and bonds (also called securities) are bought & sold.
The New York Stock Exchange is the largest in the world.