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Chapter 8 5th Hour Class With Mrs. L :)
Test Description: Econ REview
Instructions: Answer all questions to get your test result.
1) What type of good is a truck used by a florist to deliver flowers/
A
consumer
B
productive
C
capital
D
supplier
2) Who is a person that borrows money or capital
A
lender
B
debtor
C
creditor
D
loan recipient
3) Who is person that lends money or capital?
A
borrower
B
debtor
C
creditor
D
leasee
4) Account that allows the account holder to earn interest on deposits
A
defined benefit plan
B
savings account
C
premium
D
checking account
5) account that allows limited transactions and pays a changeable interest rate
A
premium
B
certificate of deposit
C
money market account
D
defined benefit plan
6) account that allows checks to be written up to the dollar amount deposited in the account
A
savings account
B
defined benefit plan
C
premium
D
checking account
7) account that guarantees a certain interest rate and has a specified maturity date
A
certificate of deposit
B
savings account
C
defined benefit plan
D
premium
8) retirement plan funded by only the employer
A
premium
B
403 B
C
401 K
D
defined benefit plan
9) What guarantees the investor the amount of his original investment plus a specified rate of interest by a certain date?
A
preferred stock
B
bond
C
mutual fund
D
common stock
10) What combines the resources of all its shareholders and invests the money in a variety of areas?
A
preferred stock
B
common stock
C
mutual fund
D
bond
11) What allows investors to receive a fixed amount in cash dividends if the company makes enough profit in a year to pay them
A
preferred stock
B
common stock
C
bond
D
mutual fund
*select an answer for all questions
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