Unit Three Lesson Eight Economics
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Other
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12th Grade
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Practice Problem
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Hard
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1.
FLASHCARD QUESTION
Front
Anything owned to which a market value can be assigned
Back
Assets
2.
FLASHCARD QUESTION
Front
A business whose main purpose is to receive deposits and make loans
Back
Bank
3.
FLASHCARD QUESTION
Front
A card authorizing the user to buy goods and services with funds borrowed from the bank
Back
Credit card
4.
FLASHCARD QUESTION
Front
A card authorizing the user to access his or her own funds on deposit in a bank account
Back
Debit card
5.
FLASHCARD QUESTION
Front
A method of lowering risk by investing in a wide variety of financial assets
Back
Diversification
6.
FLASHCARD QUESTION
Front
A periodic payment for the use of borrowed funds; interest is paid on a loan
Back
Interest
7.
FLASHCARD QUESTION
Front
Using money with the intention of making a financial gain
Back
Investing
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