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Economics

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Carli Paucek

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Term1/15
What is money in a checking account called
Definition1/15

Money in a checking account is called demand deposit.

Term1/15
What type of tax is placed on the value of inherited property
Definition1/15

inheritance

Term1/15
On which type of form can the best indicators of wealth be shown
Definition1/15

balance sheet

Term1/15
What is the subject on which a tax is levied
Definition1/15

tax base

Term1/15
What term is used to describe the percentage that is taxed
Definition1/15

The percentage at which something is taxed is the Tax Rate.

Term1/15
In times of rising prices the purchasing power of money falls affecting which of these
Definition1/15

INFLATION

storehouse of value

Term1/15
Which of these functions of money allows people to save their money to use in the future
Definition1/15

Storehouse of value. (:

Term1/15
The factors of production are the beginning of the process that makes up the
Definition1/15

gross nationaly product

Term1/15
What describes a demand deposit
Definition1/15

money in a checking account

Money in a checking account <3333

Term1/15
The measure of the success of an economy is the Gross National Product
Definition1/15

TRUE

Term1/15
Is an organization that produces and distributes a good or service for profit called a business yes or no
Definition1/15

Yes

Term1/15
Which of these was one of the chief reasons for bank failures in 1929-1930
Definition1/15

Banks were not holding required reserves to cover withdrawals.

Term1/15
Which tools does the government use to regulate and keeps banks from over extending themselves
Definition1/15

Require assets

Term1/15
To buy or sell shares of stock on a major exchange a person should seek the services of which of these
Definition1/15

Brokerage firm

Term1/15
Which of the following is the best description of a consumer good
Definition1/15

It is something tangible that can be touched or carried

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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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