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5 Written questions

5 Matching questions

  1. checking account
  2. annual percentage rate (APR)
  3. stock
  4. diminishing marginal benefit
  5. expenses
  1. a a bank account against which the depositor can drawn checks payable on demand
  2. b when you divide 27 by your interest rate to see how long it will take you to pay back your dept.
  3. c the use of money to buy a want or need
  4. d Demand slopes downward, which reduces the amount people are willing to pay for it
  5. e something you can invest in to gain money

5 Multiple choice questions

  1. income (after taxes) that is available to you for saving or spending
  2. Something that is greatly need and one/something could not go on with out what is needed
  3. a smaller scale of a economic system, used to see if the new economy will work
  4. to give away some of your money to support something and in return you get money back
  5. something that is not needed but longed for

5 True/False questions

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

          

  2. dividenda number to be divided by another number divide 72 by the interest rate

          

  3. fixed costfixed costs plus variable costs

          

  4. bankruptcyfiling saying you cannot afford to to any of your dept. or bills

          

  5. credit scoreA rating of all three credit score to see how much of a loan or grant you may receive

          

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