What is social security, welfare, or veterans benefits.
100
What types of accounts can one open at a bank?
What are checking and savings accounts.
100
What type of bank does Ms. Mingus belong to?
What is a credit union.
100
An agreement between one or more parties is called what?
What is a contract.
200
A company that controls an industry or is the only one to offer a product or service is called what?
What is monopoly.
200
This is the income that governments receive from all sources.
What is revenue.
200
This is anything that is generally accepted as a measure of value and wealth.
What is a medium of exchange.
200
What type of bank is Bank of America?
What is a commercial bank.
200
Name one function of the Federal Reserve.
What is clears checks, acts as fiscal agent for the government, supervises members banks, regulates money supply, sets reserve requirements, supplies paper currency.
300
When a small number of companies control an entire industry it is called what?
What is an oligopoly.
300
This occurs when a business offers a public good or service that is not funded by the government.
What is privatization.
300
This is a way to measure the weight, amount, size, or value of something.
What is a standard of value.
300
This other type of bank, which primarily lends money to its customers, is called a what?
What is savings and loan association.
300
What are the types of documents government can issue an artist or inventor to protect their product?
What is a patent and/or copyright.
400
What does government create to protect consumers and small businesses from big business monopolies and oligopolies?
What are antitrust laws.
400
This is a temporary reduction or elimination of a tax that is meant to encourage or discourage an activity.
What is a tax incentive.
400
This is how money holds its value over time and can be stored or saved to build wealth.
What is a store of value.
400
Who or what is the "banker's bank?"
What is the Federal Reserve.
400
What is the name of the symbol artists and companies put on their products to make it their own?
What is a trademark.
500
What government body ensures business equity and equality in the United States?
What is the Federal Trade Commission.
500
These are monetary grants given to producers or consumers to encourage certain behaviors.
What are subsidies.
500
Name the four main types of loans.
What is mortgage, commercial, individual, and credit.
500
How many districts are there in the Federal Reserve?
What is twelve.
500
What are the four other types of financial institutions as listed on the power point?
What is mortgage, finance, insurance, and brokerage.