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5 Written questions

5 Matching questions

  1. Electronic Funds Transfer
  2. outstanding checks
  3. free trade
  4. transfer payments
  5. trust
  1. a when rival companies form a monopoly by banding together and agree not to compete with each other
  2. b checks that have been written but haven't yet reached the bank
  3. c any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.
  4. d is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.
  5. e no limits on trade

5 Multiple choice questions

  1. gives artists the sole right to own their creations, such as plays, photos, music, paintings and books
  2. a company that controls an entire industry
  3. division of Department of Labor that sets and enforces work-related health and safety rules
  4. amount earned for each hour worked
  5. the amount or quantity of goods and services that consumers are willing to buy at various prices

5 True/False questions

  1. patentto grant the possession and enjoyment of (property, machinery, etc.) in return for the payment of rent from the tenant or lessee. (often fol. by out ).


  2. Coinsa piece of metal stamped and issued by the authority of a government for use as money.


  3. wagesmoney that is paid or received for work or services, as by the hour, day, or week.


  4. balance sheetthe report of the financial state of a business on a certain date


  5. capitalismmarket economy, or private enterprise