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5 Written questions

5 Matching questions

  1. income
  2. needs
  3. mutual fund
  4. economics
  5. collateral
  1. a the financial gain (earned or unearned) accruing over a given period of time
  2. b Something that is greatly need and one/something could not go on with out what is needed
  3. c the branch of social science that deals with the production and distribution and consumption of goods and services, their management and money
  4. d a regulated investment company with a pool of assets that regularly sells and redeems its shares
  5. e a security pledged for the repayment of a loan

5 Multiple choice questions

  1. the entire amount of income before any deductions are made
  2. when you divide 27 by your interest rate to see how long it will take you to pay back your dept.
  3. Demand slopes downward, which reduces the amount people are willing to pay for it
  4. the major party to a financial transaction at a stock exchange
  5. cost in terms of foregone alternatives

5 True/False questions

  1. wantssomething that is not needed but longed for


  2. interestthe amount of money you gain or owe over time


  3. withdrawaltaking money out of your account


  4. expensesthe entire amount of income before any deductions are made


  5. total costfixed costs plus variable costs