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5 Written questions

5 Matching questions

  1. scarcity
  2. economic model
  3. credit
  4. interest
  5. Consumerism
  1. a the theory that an increasing consumption of goods is economically beneficial (sellng more than buying)
  2. b a smaller scale of a economic system, used to see if the new economy will work
  3. c ..., an accounting entry acknowledging income or capital items
  4. d a small and inadequate amount and runing out
  5. e the amount of money you gain or owe over time

5 Multiple choice questions

  1. the system of production and distribution and consumption
  2. A plan involving how to spend/save/and increase your money
  3. Something that is greatly need and one/something could not go on with out what is needed
  4. a number to be divided by another number divide 72 by the interest rate
  5. the entire amount of income before any deductions are made

5 True/False questions

  1. Consumera person who uses goods or services


  2. principalthe major party to a financial transaction at a stock exchange


  3. opportunity costcost in terms of foregone alternatives


  4. certificate of deposita debt instrument issued by a bank


  5. investto give away some of your money to support something and in return you get money back