Units 4 & 5 (financial terms, GDP)
Quiz by Cory West
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25 questions
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- Q1401(k) plan isa tax-deferred investment and savings plan that acts as a personal pension fund foremployeesan index of 500 stocks used to monitor prices on the NYSE, American Stock Exchange, and the OTC marketcompany that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companiesan index of 30 representative stocks used to monitor price changes in the overall stock market60s
- Q2Goods can be categorized into durable, nondurable, consumer, and practical goods.TrueFalse60s
- Q3A mutual fund is...company that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companiescontract giving investors an option to buy or sell commodities, equities, or financial assets at a specific future date using a price agreed upon todayan index of 500 stocks used to monitor prices on the NYSE, American Stock Exchange, and the OTC marketan index of 30 representative stocks used to monitor price changes in the overall stock market60s
- Q4The role of government in a free market economy includes establishing laws to protect citizens, provide goods and services for citizens, regulate economic activity to preserve competition, and...spend less than all private businesses as a to promote small businessmatch small business spending in order to balance competitionspend more than all private businesses as a huge consumer in the market60s
- Q5Maturity is...not subject to tax by federal or state governmentsthe bond’s annual coupon interest divided by purchase price; measure of a bond’s returnperson designated to take ownership of an asset if the owner of the asset diesthe life of a bond or length of time funds are borrowed60s
- Q6A pension is a regular allowance for someone who has worked a certain number of years, reached a certain age, or who has suffered from an injuryTrueFalse60s
- Q7An option is astock that represent ownership shares in corporationscontract giving investors an option to buy or sell commodities, equities, or financial assets at a specific future date using a price agreed upon todaymarket value of a mutual fund share determined by dividing the value of the fund by the number of shares issuedcompany that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companies60s
- Q8A bear market is a period during which stock market prices move up for several months or years in a rowfalsetrue60s
- Q9According to the production possibilities curve, with the current resources and technology, what does E represent?inefficientunattainableinsignificantimprobable60s
- Q10Tax exempt status is...not subject to tax by federal or state governmentsmarket in which financial capital is loaned and/or borrowed for more than one yearformal contract to repay borrowed money and interest on the borrowed money at regular future intervalsstated interest on a corporate, municipal, or government bond60s
- Q11Vesting is the length of time you need to work at the company before you can take the employer’s matching contribution with you.FalseTrue60s
- Q12A bond is a...market in which financial capital is loaned and/or borrowed for more than one yearformal contract to repay borrowed money and interest on the borrowed money at regular future intervalslow-denomination, non-transferable bond issued by the federal government, usually through payroll savings planslife of a bond or length of time funds are borrowed60s
- Q13Corporations make it easier to raise money and have limited liability for owners, and are easy to begin and not too expensive to begin.TrueFalse60s
- Q14A premium is a monthly, quarterly, semiannual, or annual price paid for an insurance policy.FalseTrue60s
- Q15According to the 2019 budget, payroll taxes and individual income taxes are a major source of revenue for the GDP, accounting for __________________ dollars of revenue.2.7 trillion4.4 trillion2.9 trillion3.5 trillion60s
