Modules 105-107 Review Part 1 Question Preview (ID: 33848)


Modules 105-107 Review Part 1. TEACHERS: click here for quick copy question ID numbers.

Which term describes getting a sum of money for a specific purpose that is repaid over time?
a) Borrowing
b) Investing
c) Saving
d) Spending

What was one result of increased mortgage foreclosures after 2007?
a) Increased bank profits
b) Tighter credit restrictions
c) A rise in the stock market
d) Decreased unemployment

What was one economic result of the terrorist attacks of 2001?
a) Crisis of confidence in financial system
b) Low unemployment rate
c) Rising home prices
d) Steady growth

Which of these was a major factor in the economic instability of the 1970s?
a) Protests against the Vietnam War
b) Low inflation
c) The price of oil
d) Tight credit restrictions on consumers

Which of these were characteristics of the American economy of the 1950s?
a) High unemployment and low wages
b) Steady growth and increased production
c) Unstable stock prices and high inflation
d) Fast growth and loose credit restrictions

What was the purpose of establishing the Federal Reserve Bank?
a) To provide a lending agency so poor citizens could get mortgages
b) To make funds available to banks when cash reserves were low
c) To help the government save money during periods of expansion
d) To generate additional revenue for the United States government

Which of these was one of the reasons for establishing the First Bank of the United States?
a) To collect debts from foreign countries
b) To win independence from Great Britain
c) To create a single currency for the United States
d) To cover election expenses for the new president

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) C. Interest
d) D. Mortgage

Which of these served as the standard for currency through much of the 19th and 20th centuries?
a) Cattle
b) Gold
c) Paper
d) Shells

What is the term that describes a form of money that has intrinsic value?
a) Bank note
b) Commodity
c) Credit
d) Fiat

What characteristic is common to money throughout history?
a) It has been issued by private companies
b) It has been made of precious met
c) It has been transferable across nations
d) It has been relatively easy to trade, transport, save, and invest

What risk do investors take on when they invest or loan money to new businesses?
a) They will not be able to borrow enough
b) They will not be able to collect the fees
c) They will not receive enough interest
d) They will fail in their business

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