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Questions and Answers
How much money is every savings account insured for?
How much money is every savings account insured for?
- $2500
- $25,000
- $250,000 (correct)
- $2,500,000
Which investment makes a buyer part owner of a corporation?
Which investment makes a buyer part owner of a corporation?
- Stock (correct)
- Bond
Which investment represents a debt to be repaid to the buyer?
Which investment represents a debt to be repaid to the buyer?
- Bond (correct)
- 401(k)
- Stock
- IRA
Of the following which is the riskiest investment?
Of the following which is the riskiest investment?
You go out for dinner with your friends, and decide to have a pizza eating contest. The first few pieces taste great, but you're starting to fill up. With each additional piece you get more and more full until you can't take another bite. This is an example of:
You go out for dinner with your friends, and decide to have a pizza eating contest. The first few pieces taste great, but you're starting to fill up. With each additional piece you get more and more full until you can't take another bite. This is an example of:
You are on a tight budget and looking for ways to save money. When you go grocery shopping, you would prefer to purchase chicken, but notice that ground beef is cheaper. You adjust your menu and decide to purchase the ground beef. This is an example of:
You are on a tight budget and looking for ways to save money. When you go grocery shopping, you would prefer to purchase chicken, but notice that ground beef is cheaper. You adjust your menu and decide to purchase the ground beef. This is an example of:
Which business organization is most common in the U.S.?
Which business organization is most common in the U.S.?
Which business organization is most profitable, on average, in the U.S.?
Which business organization is most profitable, on average, in the U.S.?
Flashcards
FDIC Insurance Coverage
FDIC Insurance Coverage
The maximum amount of money that is insured by the FDIC in case a bank fails.
Stock
Stock
A type of investment where you become a partial owner of a company.
Bond
Bond
A type of investment that represents a loan to a company or government entity.
Risk in Stock Investments
Risk in Stock Investments
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Risk in Savings Accounts
Risk in Savings Accounts
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Mutual Fund
Mutual Fund
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Diminishing Marginal Utility
Diminishing Marginal Utility
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Substitute Goods
Substitute Goods
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Sole Proprietorship
Sole Proprietorship
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Corporation
Corporation
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Study Notes
Investment Types and Characteristics
- Savings accounts are insured up to $250,000
- Stocks make a buyer a part owner of a corporation
- Bonds represent a debt to be repaid to the buyer
- Stocks are considered the riskiest investment
- Savings accounts are considered the safest investment
Economic Concepts
- Diminishing marginal utility describes the decreasing satisfaction gained from consuming additional units of a good or service, as seen in the pizza-eating example
- Substitute goods are goods that can be used in place of each other, illustrated by the example of choosing cheaper ground beef over chicken
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