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Core Concept 2: Citizenship & Economics

Quiz by Amy Siegert

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54 questions
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  • Q1
    A business where people keep their money and borrow money is called a ______________________ .
    post office
    library
    bank
    store
    30s
  • Q2
    When a consumer can purchase something and pay for it over time (with interest), he/she is using __________ .
    interest
    credit
    a loan
    bank
    30s
  • Q3
    An amount of money that you owe to a person, bank, or company is called your _____________ .
    credit
    waffles
    bank
    debt
    30s
  • Q4
    The process or system by which goods and services are produced, sold, and bought is called ____________ .
    painstaking
    geography
    economics
    archaeology
    30s
  • Q5
    A depression is a period of time when employment and stock market values _____________ severely.
    smell
    decline
    sing
    increase
    30s
  • Q6
    A recession occurs when there has been zero or negative economic growth for ___________ or more months in a row.
    20
    30
    twelve
    six
    30s
  • Q7
    A legal agreement in which a person borrows money to buy property and pays back the money over time is called a ____________________ .
    loan
    French fries
    bank
    mortgage
    30s
  • Q8
    True or False: A loan is an amount of money that is given to someone for a period of time with a promise that it will be paid back.
    false
    true
    30s
  • Q9
    A stock is __________________ .
    a donkey.
    a piece of corn.
    a share of ownership in a company.
    to follow someone creepily.
    30s
  • Q10
    The money paid to a loaner for the use of borrowed money is called _________________ .
    stock
    incentives
    interest
    bonds
    30s
  • Q11
    True or False: A government is a group of people who can make and enforce laws in an area or country.
    False
    True
    30s
  • Q12
    True or False: The United States of America has an unlimited government.
    False
    True
    30s
  • Q13
    A direct democracy is a form of government in which citizens
    elect a representative to make decisions for them.
    vote directly on all issues.
    go directly to jail.
    vote directly for the president.
    30s
  • Q14
    A monarchy is a form of government in which ______
    monarch butterflies are raised.
    the power is inherited by family members.
    the military rules.
    voters elect representatives.
    30s
  • Q15
    The 3 branches of government are ____________________________
    legislative, executive, and judicial.
    executive, judicial, and representative.
    legislative, executive, and military.
    judicial, legislative, and federal.
    30s

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