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Economics

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Rozella Berge

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Term1/22
What institution insures individual banking accounts
Definition1/22

minimum check-writing fee

Term1/22
Which American president's image was used first on a circulation coin
Definition1/22

Abraham Lincoln

Term1/22
This is Paula's monthly budget What percent of her expenses is spent on insurance
Definition1/22

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Term1/22
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance
Definition1/22

178.70

Term1/22
What is used to reconcile a bank statement
Definition1/22

Ending Balance: $676.23

Outstanding Deposits: $356.71

Outstanding Checks: $321.15

711.79

Term1/22
Which type of interest is better to have when applying for a loan
Definition1/22

compound

Term1/22
Which of these occurs during the decline of prices due to insufficient money supply
Definition1/22

deflation

Term1/22
How much interest will 2000 earn at 5 percent over four years compounded yearly
Definition1/22

It earns 431.0125 .

After 4 years, it has grown to 2,431.01 .

Term1/22
Why does monetary policy more directly influence businesses and individuals than fiscal policy does
Definition1/22

on A+: because of its effect on interest rates :))

Term1/22
Which of these were produced by the first mint in 1793
Definition1/22

copper cent and half-cent pieces

Term1/22
Which of these is not one of the ways in which the Federal Reserve can affect the country's monetary policy
Definition1/22

It can spend more revenue and/or lower taxes to stimulate demand.

Term1/22
Which of these is not a goal of monetary policy
Definition1/22

to manage how tax revenue will be spent

Term1/22
What does automatically withdraws the amount of a purchase from the consumers checking account
Definition1/22

debit card

Term1/22
Which of these occurs when a person misrepresents the value of a tradable item or never completes the agreed-upon trade
Definition1/22

swaplifting

Term1/22
Paula prepared the following budget how much discretionary income does Paula have each month
Definition1/22

4

Term1/22
What statement about the federal reserve system is not true
Definition1/22

It is responsible for FDIC

Term1/22
What were found on the first coins issued by the us mint
Definition1/22

symbols of liberty

Term1/22
What describes discount loans
Definition1/22

They require the interest to be paid first.

Term1/22
What is the adjustment of an economys money supply by a central bank
Definition1/22

Monetary policy

Term1/22
Cindy has a savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years
Definition1/22

$156.08

Term1/22
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities
Definition1/22

Divide the utility expense by the monthly budget. Multiply the result by 100.

Term1/22
Which of these is an example of a variable expense
Definition1/22

Utilities

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Cards in this guide (22)
What institution insures individual banking accounts

minimum check-writing fee

Which American president's image was used first on a circulation coin

Abraham Lincoln

This is Paula's monthly budget What percent of her expenses is spent on insurance

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance

178.70

What is used to reconcile a bank statement

Ending Balance: $676.23

Outstanding Deposits: $356.71

Outstanding Checks: $321.15

711.79

Which type of interest is better to have when applying for a loan

compound

Which of these occurs during the decline of prices due to insufficient money supply

deflation

How much interest will 2000 earn at 5 percent over four years compounded yearly

It earns 431.0125 .

After 4 years, it has grown to 2,431.01 .

Why does monetary policy more directly influence businesses and individuals than fiscal policy does

on A+: because of its effect on interest rates :))

Which of these were produced by the first mint in 1793

copper cent and half-cent pieces

Which of these is not one of the ways in which the Federal Reserve can affect the country's monetary policy

It can spend more revenue and/or lower taxes to stimulate demand.

Which of these is not a goal of monetary policy

to manage how tax revenue will be spent

What does automatically withdraws the amount of a purchase from the consumers checking account

debit card

Which of these occurs when a person misrepresents the value of a tradable item or never completes the agreed-upon trade

swaplifting

Paula prepared the following budget how much discretionary income does Paula have each month

4

What statement about the federal reserve system is not true

It is responsible for FDIC

What were found on the first coins issued by the us mint

symbols of liberty

What describes discount loans

They require the interest to be paid first.

What is the adjustment of an economys money supply by a central bank

Monetary policy

Cindy has a savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years

$156.08

When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities

Divide the utility expense by the monthly budget. Multiply the result by 100.

Which of these is an example of a variable expense

Utilities

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