Study Guide
A.
sturdy
B.
light weight
C.
recognizable
D.
similar color
STURDY
A.
medium of exchange
Standard of value
Recognizable currency
Store of value
Recognizable
currency
A.
stability of value
Scarcity
Acceptability
Uniformity
scarcity
A.
debit card
B. paper money
C. check
D. gold coin
Gold coin
a. commodity of money
b. Representative money
c. Fiat money
d. International money
Representative
money
A.
government backing
B. citizens backing
C. gold backing
D. silver backing
Government
backing
A.
Federal Reserve
B. FDIC
C. First Bank of the US
D. Commercial Bank
First
bank of the
U.S.
A.
National bank
B. Securities and Exchange
Commission
C. FDIC
D. Federal Reserve
Federal
reserve
A.
create jobs
B. insure bank deposits
C. regulate bank loans
D. help with war effort
Insure
bank
deposits
A.
checking accounts
B. savings accounts
C. loans
D. currency exchange
Currency
Exchanges
A.
$50,000
B. $100,000
C. $150,000
D. $250,000
$250,000
A.
accounts earn interest
B. continuous deposits
towards accounts
C. bank error on accounts
D. customers pay interest
Accounts
earn
interest
A.
increase net worth
B. pay off debts when dead
C. cash it in and purchase a
Jaguar
D. tax deduction at the end
of the year
Pay
off debts when
dead
A.
to purchase a car
B. to remodel their home
C. to eventually retire
D. to hide money from the IRS
To
eventually
retire
A.
retirement
B. paying off the house
C. grandkids college fund
D. A vacation to Italy
A
vacation to
Italy!!!!
A.
remodel the house
B. purchasing a new car
C. retirement
D. Christmas shopping
RETIREMENT
A.
stocks
B. savings accounts
C. CD’s (not the music kind)
D. mutual funds
Stocks
A.
stocks
B. municipal bond
C. corporate bond
D. mutual funds
Municipal
Bond
A.
municipal bond
B. mutual fund
C. Treasury Bill
D. corporate bond
Corporate
Bond
A.
maturity date
B. maximum deposit
C. name of CD
D. NCUA insured
Maturity
Date
A.
profit
B. capital gains
C. tax deduction
D. net gain
Capital
Gains
A.
preferred
B. traditional
C. common
D. admiral
Common
A.
AMEX
B. NASDAQ
C. NYSE
D. Chicago Futures Market
NYSE
A.
stock traded
electronically
B. stock traded by brokers
C. stock purchased anywhere
D. stock purchased without
prescription
Stock
traded
electronically
A.
AMEX
B. NASDAQ
C. NYSE
D. Chicago Futures Market
NYSE
A.
agricultural
B. futures
C. industrial
D. technology
Technology
A.
bear
B. bull
C. buffalo
D. bison
Bull
A.
type of bond
B. maturity date
C. interest rate
D. name of bond
Interest
rate
A.
corporations
B. NASCAR races
C. mutual funds
D. Stock Indices
Stock
indices
A.
bear
B. bull
C. buffalo
D. bison
Bear