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Alexander Hamilton was the first Secretary of the Treasury. Which of the following best describes Alexander Hamilton's opinion about banking?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
The relationship between liquidity, risk and return is:
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
What is diversification?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
Which of the following statements is true?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
Erin borrowed $18,000 to buy a car. Her loan will be paid off in 5 years. By the time that she pays off the loan, she will have made $20,327 in payments. Why did she have to pay $2,327 more than the price of the car?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
Why is representative money more useful than commodity money?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
Money market mutual funds are riskier than savings accounts. Why?
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
Savers and borrowers are linked through financial institutions when
All of these.
savers deposit money that is used to loan money to borrowers.
He believed that a strong, centralized banking system was necessary.
Representative money has value because the government says it does. Commodity money has value only to those who believe it.
They cannot be cashed in for six months.
high risk = high return, high liquidity = low return
Investing in many different types of assets to protect against loss in any one of them.
She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000.
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