Economics
Unit
3
Jeopardy
Review
100
1. The fair labor standards act
What is established a federal minimum wage
100
26. Junk Bonds
What is are exceptionally risky
100
19. The problem with Continental dollars was that
What is so much was printed they became worthless
100
24. A nonbank financial intermediary that primarily loans to construction companies for building homes is
What is real estate investment trust
100
17. When a bank is about to collaspe
What is the FDIC may secretly seize the bank
200
22. The Federal Reserve System was set up in
What is 1913
200
3. Workers who have the skills to operate machines and who require a minimum amount of training are
What is semiskilled labor
200
20. In order for money to have value, it must have all of the following exept:
What is pentiful availability
200
15. Money that has an alternative use as an economic good is
What is commodity money
200
16. Money loses its value when it
What is becomes too plentiful
300
21. Local banks in the 1800s that printed too much money were called
What is wildcat banks
300
12. The sequence for the approval of the federal budget is
What is president; congress; president
300
5. when labor and management ask a third party to collect information about a dispute and present non binding rocommendations, they are using
What is fact finding
300
10. The US government accumulated huge deficits during the 1980s due to
What is a doubling of spending of national defense
300
25. The par value of a bond is
What is the total amount borrowed
400
14. The first federal budget surplus in three decades occured in
What is 1998
400
13. The largest category of state spending is
What is intergovernmental expenditures
400
An example of mandatory spending is financing for
What is interest payments on the federal debt
400
7. the invisible barrier that hinders women and minoritites from advancement up the corporate ladder
What is known as the glass ceiling
400
18. the FDIC was established to
What is protect the savings of the American people
500
11. Transfer payments from the government to individuals or other levels of government might be used for all of the following EXCEPT
What is maintenance of armed forces
500
28. Bonds
What is pay a fixed interest rate over a specified period of time
500
23. As a result of the financial crisis of the 1980s, S&Ls, are now insured by
What is FDIC
500
30. A stock transaction that is made immediately at the market price is made in the
What is spot market
500
9. the largest category of spending for most local governments is
What is elementary and secondary education