Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Modules 105-107 Review Part 1
Test Description: Modules 105-107 Review Part 1
Instructions: Answer all questions to get your test result.
1) What is the term that describes a form of money that has intrinsic value?
A
Bank note
B
Fiat
C
Credit
D
Commodity
2) What characteristic is common to money throughout history?
A
It has been made of precious met
B
It has been transferable across nations
C
It has been relatively easy to trade, transport, save, and invest
D
It has been issued by private companies
3) Which of these served as the standard for currency through much of the 19th and 20th centuries?
A
Paper
B
Shells
C
Gold
D
Cattle
4) Which term describes the extra fee paid in return for borrowing a sum of money—excluding a loan origination fee?
A
Credit
B
B. Foreclosure
C
D. Mortgage
D
C. Interest
5) Which of these was one of the reasons for establishing the First Bank of the United States?
A
To cover election expenses for the new president
B
To create a single currency for the United States
C
To win independence from Great Britain
D
To collect debts from foreign countries
6) What was the purpose of establishing the Federal Reserve Bank?
A
To help the government save money during periods of expansion
B
To provide a lending agency so poor citizens could get mortgages
C
To generate additional revenue for the United States government
D
To make funds available to banks when cash reserves were low
7) Which of these were characteristics of the American economy of the 1950s?
A
Steady growth and increased production
B
High unemployment and low wages
C
Unstable stock prices and high inflation
D
Fast growth and loose credit restrictions
8) Which of these was a major factor in the economic instability of the 1970s?
A
Protests against the Vietnam War
B
Tight credit restrictions on consumers
C
Low inflation
D
The price of oil
9) What was one economic result of the terrorist attacks of 2001?
A
Low unemployment rate
B
Steady growth
C
Crisis of confidence in financial system
D
Rising home prices
10) What was one result of increased mortgage foreclosures after 2007?
A
Decreased unemployment
B
A rise in the stock market
C
Tighter credit restrictions
D
Increased bank profits
11) Which term describes getting a sum of money for a specific purpose that is repaid over time?
A
Saving
B
Borrowing
C
Investing
D
Spending
12) What risk do investors take on when they invest or loan money to new businesses?
A
They will fail in their business
B
They will not be able to borrow enough
C
They will not receive enough interest
D
They will not be able to collect the fees
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?