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5 Written questions

5 Matching questions

  1. diminishing marginal benefit
  2. withdrawal
  3. wants
  4. needs
  5. budget
  1. a A plan involving how to spend/save/and increase your money
  2. b taking money out of your account
  3. c Something that is greatly need and one/something could not go on with out what is needed
  4. d Demand slopes downward, which reduces the amount people are willing to pay for it
  5. e something that is not needed but longed for

5 Multiple choice questions

  1. when you divide 27 by your interest rate to see how long it will take you to pay back your dept.
  2. fixed costs plus variable costs
  3. the money that is given back to a invester
  4. to put money aside for future puposes
  5. the branch of economics that studies the overall working of a national economy

5 True/False questions

  1. incomethe financial gain (earned or unearned) accruing over a given period of time


  2. stocksomething you can invest in to gain money


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


  4. marginal costa cost that rises or falls depending on how much is produced and how high.low hte demand is


  5. credit..., an accounting entry acknowledging income or capital items