Economic Glossary Part 2: Terms and Definitions
12 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does an ATM do?

  • Sells banking products and services
  • Accepts cash deposits and processes loan applications
  • Provides cash and performs banking services automatically (correct)
  • Offers financial advice to customers

    • What are bank reserves?

  • The interest earned on deposits in a bank
  • The amount of money a bank lends out
  • The fees paid by bank customers for financial services
  • The percentage of a bank's deposits that it keeps on hand (correct)

    • What is a capital gain?

  • A loss suffered upon the sale of property, stocks, or other investments
  • The cost of purchasing capital resources
  • The interest earned on capital resources
  • A profit realized from the sale of property, stocks, or other investments (correct)

    • What are business cycles?

    <p>Ups and downs in economic activity over time</p> Signup and view all the answers

    What are adaptive expectations?

    <p>Expectations about inflation or other economic events</p> Signup and view all the answers

    What are bank service charges?

    <p>Fees paid by bank customers for financial services</p> Signup and view all the answers

    What are examples of Capital Resources?

    <p>Machinery, tools, buildings</p> Signup and view all the answers

    What is the definition of Deflation?

    <p>A sustained decrease in the average price level of goods and services produced in the economy</p> Signup and view all the answers

    What is the Central Banking System responsible for?

    <p>Regulating the money supply and overseeing the nation's banks</p> Signup and view all the answers

    What does the term Globalization refer to?

    <p>The increased flow of trade, people, investment, technology, culture, and ideas among countries</p> Signup and view all the answers

    What is Inflation?

    <p>A general increase in the price level</p> Signup and view all the answers

    What are examples of Fixed Expenses?

    <p>Mortgage or rent payments, car payments</p> Signup and view all the answers

    More Like This

    Economics Glossary Part 2
    16 questions

    Economics Glossary Part 2

    EasiestSamarium avatar
    EasiestSamarium
    Economic Glossary Part 2
    20 questions

    Economic Glossary Part 2

    UnquestionableEquation avatar
    UnquestionableEquation
    Key Economic Terms and Dynamics
    12 questions

    Key Economic Terms and Dynamics

    IllustriousHoneysuckle avatar
    IllustriousHoneysuckle
    Commerce Glossary Quiz
    36 questions

    Commerce Glossary Quiz

    BenevolentBowenite6908 avatar
    BenevolentBowenite6908
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser