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☆☆☆☆☆Cards in this guide (15)
What is money in a checking account called
Money in a checking account is called demand deposit.
What type of tax is placed on the value of inherited property
inheritance
On which type of form can the best indicators of wealth be shown
balance sheet
What is the subject on which a tax is levied
tax base
What term is used to describe the percentage that is taxed
The percentage at which something is taxed is the Tax Rate.
In times of rising prices the purchasing power of money falls affecting which of these
INFLATION
storehouse of value
Which of these functions of money allows people to save their money to use in the future
Storehouse of value. (:
The factors of production are the beginning of the process that makes up the
gross nationaly product
What describes a demand deposit
money in a checking account
Money in a checking account <3333
The measure of the success of an economy is the Gross National Product
TRUE
Is an organization that produces and distributes a good or service for profit called a business yes or no
Yes
Which of these was one of the chief reasons for bank failures in 1929-1930
Banks were not holding required reserves to cover withdrawals.
Which tools does the government use to regulate and keeps banks from over extending themselves
Require assets
To buy or sell shares of stock on a major exchange a person should seek the services of which of these
Brokerage firm
Which of the following is the best description of a consumer good
It is something tangible that can be touched or carried
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