PDF Download
FREE BUSINESS AND STUDY GAMES ABOUT OBJECTIVE
102 EXAM QUESTIONS
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -24 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation
Question 1: stock
Answer:
represents ownership in a cooperation, commonly called equity
Question 2: deflation
Answer:
A decrease in the general level of prices. usually occurs in periods of recession and depression. prices and lower, but people have less money to buy products
Question 3: recession
Answer:
period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year
Question 4: t-bill rate
Answer:
the yield on short term (13 week) US government debt obligations
Question 5: certificate of deposit rate
Answer:
the rate for six month time deposits at savings in struction
Question 6: business cycle
Answer:
the movement of the economy from one condition to another and back agin
Question 7: productivity
Answer:
the production output in relation to a unit of input
Question 8: discount rate
Answer:
the rate financial institutions are charged to borrow fund from the federal reserve banks
Question 9: corporate bond rate
Answer:
the cost of borrowing for large US corporations
Question 10: retail sales
Answer:
the sales of durable and nondurable goods bought by consumers
Question 11: GDP per capita
Answer:
output per person found bt dividing GDP by total population
Question 12: treasury bond rate
Answer:
the yield on short term (20 year) US government debt obligations
Question 13: mortgage rate
Answer:
the amount individuals pay to borrow for the the purchase of a new home
Question 14: inflation
Answer:
an increase in the general level of prices. in inflation, the buying power of the dollar decreases
Question 15: unemployment rate
Answer:
the portion of people in the labor force who are not working. includes people looking for work and willing to work but unable to find a job
Question 16: price index
Answer:
a number that compares prices in one year with some earlier base year
Question 17: prime rate
Answer:
the rate banks make available to their best business customers
Question 18: depression
Answer:
a phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures
Question 19: bond
Answer:
represents debt for an organization. if you purchase a bond, you have lent money to the organization, in return, you are paid intrest
Question 20: personal income
Answer:
salaries and wages as well as investment income and government payments to individuals
Question 21: prosperity
Answer:
period in which most people who want to work are working. businesses produce goods and services in record numbers, wages are good, and the rate of GDP growth increases
Question 22: recovery
Answer:
the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again
Question 23: capital projects
Answer:
involve spending by businesses for land, buildings, equipment, and new products
Question 24: gross domestic product (GDP)
Answer:
the total value of all final goods and services produced in a country during one year