2023-2024 Abeka, Economics, test 4
(multiple choice) What type of account guarantees a certain interest rate and has a specified maturity date? - correct answer CD
What type of account allows limited transactions and pays an interest rate that changes with the demand for loans. - correct answer money market
What quality should money possess that shows its stability in value? - correct answer constancy
What quality should money possess that shows its availability in small or large units? - correct answer divisibility
What is written order that authorizes a bank to remove funds from an account? - correct answer check
What type of investment allows an individual to vote at company meetings? - correct answer common stock
What type of investment allows an individual to receive a fixed amount of dividends before other investors? - correct answer preferred stock
What is the value asserted to the worth of a coin or bill? - correct answer face value 1 / 2
What type of money consists only of transaction accounts, traveler's checks, and all coins and paper money held only outside banks? - correct answer M1
(matching I) payments for insurance - correct answer premiums
guarantees the amount of original investment plus a specified rate of interest by a certain date - correct answer bonds
shares of a corporation's profit - correct answer dividends
coined, metallic money - correct answer specie
bars of gold, silver, or platinum - correct answer bullion
the resources corporations gather by selling ownership in their businesses
- correct answer stocks
any form of money that has been declared a valid means of payment - correct answer legal tender
(short answer) What did the apostle Paul say was the root of all evil? - correct answer love of money
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