Management Today
Who manages our money today?
FED or Federal Reserve System
Money must be d________ meaning money cannot deteriorate easily
Durable
With the rise of the gold rush, the US went on the G____ S___________
Gold standard
What does CEO stand for?
Chief Executive Officer
Who wrote the play Romeo and Juliet?
William Shakespeare
An economy that relies solely on trade is a b________ e___________
Barter Economy
Money must be s_________ meaning it must be in limited supply
Scarce
If your bank were to get burned down, your money is protected by the ______
FDIC
What is the term for a person who starts and runs their own business?
Entrepreneur
What is the square root of 144?
12
In the Revolutionary war, they printed $_______________ to find it, which made money basically w_________ by the end of it
250,000 and worthless
Money in the form of gold or silver coins are s________
species
When GIVING a loan the bank wants the ___________ interest rate possible
Highest
What is the name of the company that owns YouTube?
Google (Alphabet Inc.)
What country is home to the Great Barrier Reef?
Australia
Money that has an alternative use as an economic good is c_____________ m__________
Commodity Money
L_________ T__________ had to be accepted as currency
Legal Tender
Basically a loan from the CONSUMER to the BANK is a __ or C_______________ of ____________
CD or Certificate of Deposit
What is the term for selling goods to another country?
Exporting
What language has the most native speakers in the world?
Mandarin Chinese
Money by government decree, first example was a wampum is f____ m________
Fiat Money
In order to fund the civil war, the government made G_____________
Greenbacks
The Fractional Reserve requires banks to keep __% of your deposited money and they can spend ___% of it
20% and 80%
Chief Financial Officer
What is the longest river in the world?
Nile River