Unit 5 Test Review

Front

Which type of money has value simply because the government deems it to be so?

Back

fiat

Front

Which characteristic of money means that it can be exchanged for goods or services anywhere at any time, making money more efficient than the barter system?

Back

acceptability

Front

Which statement about risk, liquidity, and return is true? Options: High-risk investments have low return and low liquidity. Low-risk investments have low return and high liquidity. Low-risk investments have high return and low liquidity. Low-risk investments have no returns and limited liquidity.

Back

Low-risk investments have low return and high liquidity.

Front

What is the retirement option offered by the American Cancer Society, a non-profit organization, similar to a 401(k)?

Back

403(b)

Front

What happens when there is a severe drop in prices throughout the market?

Back

crash

Front

Which type of investment includes voting rights for its owner? Options: preferred stock, common stock, municipal bonds, corporate bonds

Back

common stock

Front

How do you feel about this unit?

Back

I am good to go!; I need to study a bit more!; I am going to book a meeting with Ms. B immediately!