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5 Written questions

5 Matching questions

  1. Speculation
  2. Credit Cards
  3. Money must be DURABLE
  4. Karl Marx
  5. Corporation
  1. 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
  2. b Not true money! When you use a credit card, you are borrowing money from a company and will pay it back later
  3. 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.
  4. d Guessing the price of stock prices
  5. e Money must last a long time

5 Multiple choice questions

  1. Stocks that guarantee that stockholders will get dividends
  2. Money must be easy to carry around
  3. A pool (group) of money from investors that is used to buy stocks and bonds
  4. 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
  5. 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

  1. Travelor's checksA 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


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


  3. CashA 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


  4. Market EconomyPeople used to trade objects or services directly for other objects and services


  5. Stock certificateA place where stocks and bonds (also called securities) are bought & sold.

    The New York Stock Exchange is the largest in the world.