Investing Scenarios
A loan you give to a company or government. They pay you back later with interest.
What is defined by this description
A. Bonds
B. Real Estate
A. Bonds
Phishing scams
criminals impersonate legitimate organizations through fake emails, texts, or calls to trick you into revealing sensitive info
As price increases what happens to quantity of demand?
It decreases
What does a Unit of Account do.
1. Provides means for comparing costs/values
2. Helps with monitoring your savings account only
1. Provides means for comparing costs/values
a big collection of many stocks and/or bonds that investors buy together.
what type of investment would this describe?
mutual funds
When someone uses your social security number and personal info to steal your tax refund or to get employment.
what type of identity theft does this describe?
What is tax identity theft
When is a Normal good bought?
When income increases
True or false
Store of Value is Something that keeps its value over time
True
A loan you give to a company or government. They pay you back later with interest.
what investment does this describe
bonds
Fraudsters use a child's Social Security Number (SSN) to build credit or open accounts.
What type of Identity Theft is this?
Child Identity Theft
Consumers react to change in price -> consume less of that good & more of a substitute good
What is the name for this phenomenon
The substitution effect
what part of the check is the memo located?
A. bottom right
B. bottom left
C. middle
D. top left
B. Bottom left
Which are lower risk? Bonds or savings accounts?
Savings accounts
What is criminal Identity Theft
Someone gives your identity to police during an arrest, leading to a false record.
What is a cause for Shifts in Demand
A. Consumer Expectations
B. Government Regulation
C. Excise Tax
A. Consumer Expectations
Determines value during exchange of goods and services
What does this describe
Medium of Exchange
What are ETF's
A bundle of many investments that trade on the stock market like a single stock,
you receive a letter from the IRS stating that they have unreported income from an employer they've never heard of.
What type of identity theft does this indicate?
Employment Identity Theft
Price at which the amount demanded equals the amount supplied
What word is defined by this description
Equilibrium
True or False
A Routing # is used to identify a specific check within the sequence of the register
False
This definition belongs to the Check #.