Economics Unit 3 Study Guide
Authored by Robert Sharpe
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11th Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. ____ is the act of buyers and sellers freely engaging in market transactions.
Consumerism
Capitalism
Consumer sovereignty
Voluntary exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. What is the movement to educate buyers and demand better products from manufacturers?
voluntary exchange
consumerism
discretionary income
capitalism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. ____ income is the money left over after all the taxes on it have been paid.
Disposable
Profit
Discretionary
Incentive
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Which financial institutions offer full banking services to individuals and businesses?
commercial banks
credit unions
savings and loan associations
central bank
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. The ____ is the federal corporation that insures individual accounts in financial institutions.
S&L
FDIC
FOMC
Federal Reserve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. A ____ is something that can be traded for goods and services.
deposit
medium of exchange
loan
exchange certificate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. ____ accounts allow bank customers to use debit cards.
Debit
Savings
Checking
Investment
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