Monetary Policy & The Fed
What is the economic term for a physical form of money that is used to exchange goods and services?
Currency
An economic model of competition among businesses in the same industry is known as?
Market Structure
Any marketplace where the trading of securities occurs is known as?
Financial Market
What type of business ownership is owned by one person that takes on all the risks and has unlimited liability?
Sole Proprietorship
What is the name of The Grinch's dog?
Max
What is the best example of fiat money (currency whose value is less than the value it represents as money)?
Dollar Bills
What is an example of Government Monopoly?
Post Office
These are issued by a corporation promising to repay borrowed money, plus interest on a fixed schedule.
Bonds
What type of franchise is a retail franchise that operates within the facilities of another store?
Piggyback Franchise
What is the highest-grossing Christmas movie of all time?
Home Alone
An institution that manages a country's money supply and monetary policy is known as?
Central Bank
Legal registration of an invention or a process for a certain number of years is known as? Double points if you can name which type of monopoly this is an example of.
Patent | Technological Monopoly
Which reason for buying stocks is tailored to investors who would rather hold their shares and receive periodic portions of the company's profits?
Earn Dividends
What type of corporation has limited shareholders, benefits small businesses, and avoids dual taxation?
"S" Corporation
What gift does the mayor of Whoville give the Grinch?
Electric Razor
What is an example of bank money, which consists of the book credit that banks extend to their depositors?
Checks, Checking Accounts, Debit Cards, etc.
What is the economic term for when one company combines with or purchases another to form a single firm?
Merger
An investing environment in which stock prices decrease steadily is known as which type of market?
Bear Market
What type of business ownership involves authorization for another entity to use trademarked material for a specified activity and time period, also includes royalties?
Licensing
In "Elf" what animal does Buddy try to hug?
Racoon
How many district banks are there in the Federal Reserve System?
12
The idea that the average cost of production falls as the production grows larger.
Economies of Scale
A measure of the change in prices for a specific set of stocks is known as?
Stock Index
What type of business ownership involves two or more businesses combining resources for the benefit of all parties - usually on a short-term basis; also known as strategic alliances?
Joint Venture
What type of animal blocks the Polar Express on its way to the North Pole?
Caribou