Game Of Life

_____________ drives the economy.

• Borrowing
• Spending
• Automotive Industry
• Interest Rate

Money or credit exchanged for goods, services or financial assets is called a ________________.

• transfer
• transaction
• loan
• debt

FICA stands for Federal Insurance Contribution Act and cover social security income when you retire as well as ___________.

• medicare
• food
• taxes
• your car

The _________ is simply the sum of the transactions that make it up.

• budget
• interest rate
• economy
• central bank

_________ is both an asset to the lender and a liability to the borrower.

• Debt
• Credit
• Money
• Interest

A ____________ is all the buyers and all the sellers making transactions for the same thing such as steel.

• revenue
• purchase
• market
• cycle

The __________ is in charge of raising or lowering interest rates to help avoid inflation or recession.

• President
• Central Bank
• FBI
• Congress

Economic ____________ can occur when interest rates are lowered and borrowing increases.

• recession
• debt
• expansion
• cycles

______________ has the biggest impact on what your salary will be paid for each particular type of job.

• The length of your resume
• The GPA you earned in college
• The college you graduated from
• The area of the country where you work

It is currently ____________ to buy health insurance.

• mandatory
• optional
• encouraged
• wise