Economics EOY Unit 3 and 4

Front

What is a credit score primarily used to determine?

Back

Creditworthiness

Front

Which factor has the highest impact on your credit score? Options: Number of credit accounts, Payment history, Length of credit history, Credit mix

Back

Payment history

Front

In a sole proprietorship, who bears unlimited liability for business debts?

Back

The owner

Front

What type of bank account typically offers the highest interest rate? Options: Checking account, Certificate of deposit, Regular savings account, Money market account

Back

Money market account

Front

GDP per capita is calculated by:

Back

GDP divided by total population

Front

Which business structure requires the most complex tax filing? Options: Corporation, Sole proprietorship, Partnership, LLC

Back

Corporation

Front

The unemployment rate measures:

Back

Those actively seeking employment

Front

What is typically NOT a factor in calculating credit scores? Options: Credit utilization, Payment history, Length of credit history

Back

Annual salary

Front

A partnership business structure is characterized by: Limited liability protection, Shared ownership and profits, Single owner operation, Public stock offerings

Back

Shared ownership and profits

Front

Which account type typically requires the highest minimum balance? Options: Business checking account, Student savings account, Basic checking account, Investment account

Back

Investment account