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5 Written questions

5 Matching questions

  1. Speculation
  2. Savings Accounts
  3. Stock
  4. Socialism
  5. Checks
  1. a Shares of ownership in a corporation
  2. b Not true money! This is a way to store value and increase your wealth. Money in a savings account collects interest!
  3. c Guessing the price of stock prices
  4. d Checks represent money in a checking account that is stored at the bank. This type of money is representative
  5. e Takes ideas from communism and market economy and combines them.
    Socialism supports that central planning from the government is needed and in public ownership of business like in a communist society. Socialist governments are democratic like in a market economy.

5 Multiple choice questions

  1. Government has total power over people
  2. The object used for money stands for something else that has value

    Examples: Checks
  3. 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
  4. Not true money! When you use a credit card, you are borrowing money from a company and will pay it back later
  5. A certificate that a stockholder gets that shows the number of shares in a company that person owns

5 True/False questions

  1. Legal entityThe father of economics
    He explained the ideas of capitalism/market economy


  2. LiableLegally responsible for something

    Business owners are liable for their business


  3. DOW Jones Industrial AverageMoney must last a long time


  4. Bear MarketThe DOW is down which signals that the stock market is weak


  5. Fiat MoneyThe object used for money is valuable because the government says so

    Example: Cash


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