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Chauncey Keeling

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โˆ™ 2021-10-25 18:34:59
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Cards in this guide (26)
What is the Gold Standard

The basing of a currency on gold. In some sense in such a system, gold IS the currency and money is a symbol for a corresponding amount of gold, backed by the issuer - i.e. the bank promises that by some means you are always able to exchange X of its currency for Y gold, and vice versa.

No country still uses the gold standard - modern currencies are free floating with their value determined by local markets and exchange rates with other currencies.

Even so, national governments still usually carry large gold reserves as a holdover from the time when they needed them as a physical guarantee. Gold has remained valuable over thousands of years so it can always be sold as needed for any currency (including its own) that a country might need, or bought to safely store wealth.

A currency system in which each dollar is worth 1/20 of an ounce of gold (gradpoint)

What is Standard and Poors

Standard and Poors is one of the 3 premier Credit Rating Agencies in the world.

What is a stock portfolio

A stock portfolio is all the stocks that you own. I would venture to say that if you had one stock in any company, you would have one stock in your portfolio. If you had 5 different stocks, you would have a total of 5 stocks in your portfolio.

What would add up 10.25 with quarters and dimes

to many to count... 100 dimes 1 quarter. 41 quarters. 50 dimes 21 quarters

Is a patent a financial asset

It could be. Financial assets are real assets.

What bank did Hamilton support

First bank of the united states. He was the first Secretary of the Treasury.

A collection of financial assets is known as an investors

Portofolio

Money serves as a good store of value except when an economy experiences a period of

...inflation

How does a pension fund act as an investor

the company invests money collected from employers

In the financial system who are the borrowers

households, individuals, and businesses

What are objects called that have value in and of themselves as well as value as a means of exchange

commodity money

Which of these are issued by corporations and us government

bonds

What is the purpose of social security taxes

Old age survivors and disability insurance (oasdi) social security benefits and medicare insurance .

What is the annual rate of return on a bond bought on the open market called

yield

What is money that has value because the government has established it as acceptable for payment of debts

representive money.

What right guarantees the freedom to make a request of the government

The right to petition is the right which guarantees the freedom to make a request of the government.

Which of the following is a true statement about the call option

It is a way for investors to avoid paying a future higher price of a stock.

NOVANET

What is the amount paid to purchase a bond that will be repaid at maturity

face value

What markets in which money is lent for periods longer than one year

Capital markets

What does default refer to

the failure to pay back a loan

What is a fund that pools the savings of many individuals and invests this money in a variety of stocks bonds and other financial assets called

mutual fund

What is the simple interest of a loan for 1000 with 5 percent interest after 3 years

$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.

Why might one need financial intermediary

A financial intermediary is a financial institution that connects surplus and deficit agents. There are three major reasons one might need a financial intermediary these include maturity transformation, risk transformation, and convenience denomination.

What protects a peaceful political organization from having to report its membership to the government

The right of association. Though not specifically stated in the United States Constitution's First Amendment, Freedom of Speech underpins the US Supreme Court's decisions in the rights of memberships and the groups people join (or not).

When was National Association for the Advancement of Colored People created

National Association for the Advancement of Colored People was created in 1909.

What is an individual portion of stock referred to as

An individual portion of stock is referred to as a share.

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What is the Gold Standard

What is Standard and Poors

What is a stock portfolio

What is a NOW account

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What is the Gold Standard

What is Standard and Poors

What is a NOW account

What would add up 10.25 with quarters and dimes

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What is Standard and Poors

What is a NOW account

What would add up 10.25 with quarters and dimes

Is a patent a financial asset

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