Money Matters Final Review
When did the Great Depression start?
1929
REM sleep accounts for what percentage of the sleep cycle?
20%-25%
Which of the following accurately describes a PERT chart?
A graphic with numbers, circles, and squares linked by arrowed lines
Which of the following best describes a credit union?
A members-only cooperative created by labor unions or groups of employees
Which of the following is an example of delegation?
A mother assigning chores to children
A good for which demand will not change in relation to price is known as which of the following?
A necessity
Which of the following accurately describes a balance sheet?
A summary of a business's assets, liabilities and equity
Which of the following is an accurate description of take-home pay?
After-tax income available for living expenses
Sources of capital include which of the following?
All of these are sources of capital
Which of the following accurately describes a franchise?
An agreement to operate a business in the name of an established company
Which of the following is NOT true of a Roth IRA?
Applies a 10% tax penalty on withdrawals before 59.5
The Federal Trade Commission Act considers which of the following an unfair and deceptive practice?
Bait and switch
Discrepancies in your checkbook occur in which of the following situations?
Bank statement differs from your check register
Because of family life cycle changes, goals require which of the following?
Constant updating
Which of the following is the most complicated form of business?
Corporation
Which type of risks occur from fluctuations in business conditions?
Economic risk
Which of the following is a type of currency a government has declared to be a legal tender, but is not backed by a physical commodity?
Fiat Money
Which of the following types of currencies was NOT used in the U.S.?
German currency
Which of the following is an example of a variable expense?
Groceries
A budget helps prevent debt by which of the following?
Identifying shortages before they happen
Budgeting finances requires calculating ______________ and ______________
Income: expenses
The economy of the United States depends on which of the following?
Individual participation
___________ is the act or still of controlling and making decisions about the use of resources.
Management
Money can be used to intermediate the exchange of goods and service. This describes which of the following basic functions of money?
Medium of exchange
How does immigration impact the economy?
More people equals more money in circulation
Which of the following type of notes were produced in 1863?
National banknotes
Where was the headquarters of the First Central Bank of the United States?
Philadelphia
Mutual Funds can be described by which of the following?
Professionally managed
Colin is borrowing money from his uncle to start his business. In order to help avoid misunderstandings regarding the loan, Colin should do which of the following?
Put all agreements in writing
If your income exceeds your expenses, which of the following is recommended?
Research investment and saving options
The process of planning how time will be used to complete tasks is known as which of the following?
Scheduling
If there is a change in the number of producers in the market, which of the following will also change?
Supply
The family life cycle helps marketers define which of the following?
Target market
Which of the following is an example of a natural risk?
Tornado
Government bonds are issued by which of the following financial institutions?
Treasury Department
Task in which time is of significant consequences are known as which of the following?
Urgent
Which of the following are NOT macronutrients?
Vitamins
Common stock differs from preferred stock in which of the following?
Voting rights
Which of the following defines opportunity cost?
What you give up in order to have another thing
A $20 bill features which of the following on the reverse?
White House
