Gr 12 Economics Ch1 Terminology test
Authored by Craig Fortuin
Business
12th Grade
Used 11+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the market for long-term financial instruments
capital market
money market
foreign exchange market
factor market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the market for short-term savings and loans
capital market
money market
foreign exchange market
factor market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
bonds and shares are traded in the
capital market
money market
foreign exchange market
factor market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the equation GDP = C + I + G + (X-M) represents the GDP calculated according to the
income approach
production (value-added) approach
expenditure approach
base year approach
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the market where both short-term and long-term financial assets are traded
money market
capital market
factor market
financial market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the market in which one currency can be traded for another, e.g. rands for dollars
money market
capital market
foreign exchange market
financial market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false?
In the circular flow model, investment is a leakage.
TRUE
FALSE
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