Question 1

A tree in a forest is an example of a(n)

Accepted Answer

A)   natural resource.
B)   human resource.
C)   entrepreneurial resource.
D)   capital resource.E) A) and B)
F) A) and C)

Question 2

You read an article in the paper that stated the Federal Reserve Bank sold $500 million of government securities on Tuesday of last week. When the Fed did this they were controlling the money supply by using which of the following tools?

Accepted Answer

A)   open market operations
B)   risk
C)   reserve requirements ratio
D)   discount rate
E)   unable to tell with the information providedF) A) and B)
G) A) and C)

Question 3

John Gates made $25,000 last year and paid $2,500 in taxes on this income. Jane Smith made $30,000 last year and paid $2,700 in taxes on this income. What type of tax is the government using?

Accepted Answer

A)   proportional taxes
B)   progressive taxes
C)   proposed taxes
D)   regressive taxes
E)   impossible to calculate with the information providedF) None of the above
G) A) and B)

Question 4

Finance is any transaction where money is exchanged for goods and services.

Accepted Answer

A) True 
 B)False

Question 5

When the Federal Reserve notifies banks that they must hold fifteen cents for every dollar that is deposited, it is controlling the money supply by using which of the following tools?

Accepted Answer

A)   reserve requirements ratio
B)   risk
C)   discount rate
D)   open market operations
E)   unable to tell with the information providedF) B) and D)
G) B) and E)

Question 6

There are several markets in the United States. The market where property is exchanged is the

Accepted Answer

A)   financial market.
B)   retail market.
C)   commodity market.
D)   real estate market.
E)   none of the above.F) None of the above
G) A) and E)

Exam 1: Finance and Economic Concepts

You read an article in the paper that stated the Federal Reserve Bank sold $500 million of government securities on Tuesday of last week. When the Fed did this they were controlling the money supply by using which of the following tools?

Correct Answer
verified

John Gates made $25,000 last year and paid $2,500 in taxes on this income. Jane Smith made $30,000 last year and paid $2,700 in taxes on this income. What type of tax is the government using?

Correct Answer
verified

There are several markets in the United States. The market where property is exchanged is the

Correct Answer
verified

Finance is any transaction where money is exchanged for goods and services.

Correct Answer
verified

A tree in a forest is an example of a(n)

Correct Answer
verified

When the Federal Reserve notifies banks that they must hold fifteen cents for every dollar that is deposited, it is controlling the money supply by using which of the following tools?

Correct Answer
verified

Exam 1: Finance and Economic Concepts

You read an article in the paper that stated the Federal Reserve Bank sold $500 million of government securities on Tuesday of last week. When the Fed did this they were controlling the money supply by using which of the following tools?

Correct AnswerverifiedShow Answer

John Gates made $25,000 last year and paid $2,500 in taxes on this income. Jane Smith made $30,000 last year and paid $2,700 in taxes on this income. What type of tax is the government using?

Correct AnswerverifiedShow Answer

There are several markets in the United States. The market where property is exchanged is the

Correct AnswerverifiedShow Answer

Finance is any transaction where money is exchanged for goods and services.

Correct AnswerverifiedShow Answer

A tree in a forest is an example of a(n)

Correct AnswerverifiedShow Answer

When the Federal Reserve notifies banks that they must hold fifteen cents for every dollar that is deposited, it is controlling the money supply by using which of the following tools?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified