
Federal Reserve Bowl Quiz 1
Quiz by Kenneth Jamison
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Individuals who believe their property is too high can appeal to their local tax assessor for a tax abatement
An absentee owner is an individual who owns a piece of real estate but does not live in it.
________ are used to reduce the overall tax obligation from an individual’s gross income on a tax return.
A bond rating is a grade given to bonds that indicates their:
A “529 plan” provides tax advantages when saving & paying for future health care costs.
Found on a balance sheet, Can go up & down in value, Can generate income for their owners, can be owned
It occurs when total public-sector spending equals total government income, during the same period.
How are bitcoins made?
Measures the sensitivity of the price of a particular asset to changes in the market as a whole.
It’s the governing body of international trade, setting and enforcing the rules of trade and punishing offenders.
Name two of the Four Factors of Production.
The amount of money held at a financial institution, such as the amount in a checking account, at any given moment.
Loan agreement that requires borrower to pay off the loan immediately under certain conditions
The highest possible rating assigned to an issuer's bonds by credit rating agencies.
Market in which supply is, or seems to be, plentiful and prices are, or seem to be, low.
In the case of drugs, it’s those that can be purchased without a prescription from a doctor.
The process of transferring an enterprise or industry from the public sector to the private sector.
A“place” where people meet to buy and sell goods and services.
The State of Illinois caps the interest rate a payday loan store can charge a customer
It’s a tax on an imported good.
The amount of unsold goods, goods-in progress & raw materials held by a business
When a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
When a firm charges different customers different prices for the same product.
Process of transferring an enterprise or industry from the public sector to the private sector.
Means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
a set of actions to control a nation's overall money supply and achieve economic growth
Professional dealing with the assessment and management of risk for insurance policies.
Business costs, such as rent, that are constant whatever the quantity of goods or services produced.
He’s the 23rd and current Prime Minister of Canada.
He’s the current U.S. Secretary of State.
Which of the following major insurance companies is headquartered in Northbrook, Illinois?
This insurance industry employee investigates claims by interviewing the claimant and witnesses, consulting with police, obtaining medical records, and inspecting property damage
The identification of a population based on factors such as age, race, sex, economic status, level of education, income level and employment, among others for study, analysis, comparison, etc.
Who is the current chairperson of the Federal Reserve
If you borrow money at 1.75% per month, what is the annual percentage rate (APR)?
If you borrow money at .75% per month, what is the annual percentage rate (APR)?
What is the name of the federal agency that regulates the stock market?
What is a corporate bond?
It’s the promise by the manufacturer to the buyer that goods are as promised and that any defects, within a defined period of time, will be corrected.
It’s a measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
It’s the practice of denying services to residents of certain areas based on the racial or ethnic composition of those areas.
It’s the agency responsible for producing the nation’s supply of coins.
It’s the agency responsible for producing the nation’s supply of paper currency.
Name one of the three major credit reporting agencies.
You should consider fees, the annual percentage rate, limits, the grace period, and other factors when applying for your first ___________.
A good that is capable of easily being consumed; that may be destroyed, dissipated, wasted, or spent in a relatively short period of time.
It’s the amount you will pay before your insurer pays for damage done to the fender on your car.
In financial terms it is a security or guarantee, typically an asset, pledged by a borrower to a lender as insurance in case the lender defaults on a loan.
This document relates to a new or existing security, intended to provide the investor information that will help him/her decide whether to buy the security or not.
Who is the current Vice-President of the United States.
It’s the result of when a quantity supplied exceeds the quantity demanded.
The Federal Reserve system headquarters is located here.
A nonprofit organization, such as Asset Builders of America, is a business that aims to benefit society rather than make a profit.
A company that earns or receives an unexpected amount of money may distribute the sum to its shareholders as a special dividend.
The sole proprietorship is the most common form of business entity in the United States.
According to PC World Magazine the savviest hackers in the world come from this geographic region.
The number of shares traded daily on the New York Stock Exchange is in the: