These are things that are required to live, such as food, water, clean air, and clothing.
What are needs?
100
Manufacturers, extractors, and farmers would all be examples of this type of business?
What is a producer?
100
The 3 different types of endorsements.
What are - blank, full, and restrictive?
100
The privilege of using someone else's money for a period of time.
What is credit?
100
Using your savings to earn more money.
What is investing?
200
Activities that are consumed at the same time they are produced. They are intangible and have no physical characteristics.
What is a service?
200
Dentists, lawyers, physicians, and furniture movers would all be examples of this type of business.
What are service businesses?
200
A bank for banks - it was set up to supervise and regulate member banks and to help banks serve the public efficiently.
What is the FED?
200
3 of the 5 advantages of using credit.
What are - convenience, immediate possession, savings, credit rating, and useful for emergencies?
200
2 of the 3 methods of saving.
What are - savings account, CD, and money market account?
300
A factory, tools, and machinery would all be examples of this type of economic resource?
What is a capital resource?
300
This type of business ownership is the easiest form of business to start and end. It gives the owner sole control over all business decisions.
What is a proprietorship?
300
The balance that you would have if you started with $300, then wrote checks for $55, $35, $45, and $105, but also made a deposit for $127.45.
What is $187.45?
300
The amount of simple interest one would have to pay if they borrowed $700 at 8% for 3 years.
What is $168.00?
300
3 of the 4 factors to consider when evaluating savings and investing options.
What are - safety & risk, potential return, liquidity, and taxes?
400
The value of the next-best alternative that you did NOT choose.
What is opportunity cost?
400
This form of business ownership is also very easy to start. However, responsibility for key business decisions and functions are shared. It is the least common type of business.
What is a partnership?
400
3 of the 5 criteria to consider when selecting a financial institution.
What are - services offered, safety, convenience, fees & charges, and restrictions?
400
The amount of compound interest if the original amount was $700 at 6% for 5 years.
What is $936.76?
400
Represents ownership in a business.
What is stock?
500
The 4 phases of the business cycle.
What are - prosperity, recession, depression, and recovery?
500
This type of business is involved in selling the goods and services of producers to consumers. They are considered "middlemen". Walmart, Kmart, and Target would all be examples.
What is an intermediary?
500
3 of the 5 factors to consider when comparing checking accounts.
What are - minimum balance, interest rate earned, monthly service charge, fees for other services, and other restrictions?
500
The maturity date calculated in DAYS if you took out a 90 day loan starting on March 15.
What is June 13th?
500
3 of the 4 economic factors to consider when purchasing stock.
What are - inflation, interest rates, consumer spending, and employment?