FP I Objective 4 Vocab Review Question Preview (ID: 61555)
FP Objective 4 Vocab Review.
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The amount of money people have to spend, or dispose of, after they have paid their taxes; also called discretionary income
a) disposable income
b) monopoly
c) fiscal policy
d) price supports
A condition in which a market is controlled by one supplier with no substitute goods or services readily available
a) monopoly
b) disposable income
c) fiscal policy
d) price supports
The regulatory agency established by the federal government to enforce laws that protect consumers’ health
a) Food and Drug administration
b) Federal Trade Commission
c) Federal Communications Commission
d) Licensing
An illegal activity in which a business charges different customers different prices for similar amounts and types of products
a) price discrimination
b) price supports
c) licensing
d) monopoly
Government financial help given to a business
a) subsidy
b) tariff
c) price support
d) monopoly
A tax on imported goods; also called duty
a) tariff
b) price support
c) subsidy
d) public good
Building wealth by using money to make money
a) investing
b) lending
c) laws
d) insurance
A contractual agreement in which one company (insurer) will pay for specified losses incurred by the other company (insured) in return for installment payments (premium)
a) insurance
b) securities
c) investing
d) laws
a dishonest scheme; a fraud
a) scams
b) accounting
c) laws
d) insurance
When a company’s owners, directors, or key management trade its stock; illegal when trading on information that is not disclosed to the public
a) insider trading
b) consumer finance
c) financial services
d) laws
The process of keeping and interpreting financial records
a) accounting
b) finance
c) lending
d) insurance
trading of one currency for another
a) foreign exchange
b) lending
c) accounting
d) consumer finance
The legal owning or lending agreements between individuals, businesses, or governments
a) securities
b) investing
c) lending
d) laws
professional services involving the investment, lending, and management of money and assets.
a) financial services
b) laws
c) accounting
d) investing
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