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5 Written questions

5 Matching questions

  1. budget
  2. principal
  3. scarcity
  4. economic model
  5. economic system
  1. a the system of production and distribution and consumption
  2. b A plan involving how to spend/save/and increase your money
  3. c the major party to a financial transaction at a stock exchange
  4. d a small and inadequate amount and runing out
  5. e a smaller scale of a economic system, used to see if the new economy will work

5 Multiple choice questions

  1. a debt instrument issued by a bank
  2. when you divide 27 by your interest rate to see how long it will take you to pay back your dept.
  3. the branch of economics that studies the economy of consumers or households or individual firms
  4. taking money out of your account
  5. income (after taxes) that is available to you for saving or spending

5 True/False questions

  1. identity theftthe co-option of another person's personal information (e.g., name, social security number, credit card number, passport) without that person's knowledge and the fraudulent use of such knowledge


  2. Consumerthe financial gain (earned or unearned) accruing over a given period of time


  3. needssomething that is not needed but longed for


  4. stocksomething you can invest in to gain money


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