Sneaker Money

Cattle and grain are two examples of

• the underground economy.
• stocks traded on the New York Stock Exchange
• commodities traded on the Chicago Mercantile Exchange
• government regulations on the production of food.

Bartering is the 

• process by which people use assets as collateral for loans.
• exchange of goods or services for other goods or services
• marketing of illegal goods
•  waiting in line to purchase new releases

Some people collect sneakers

• as investments, to sell for more money at a later date.
• as a way to save money without using a bank. 
• to avoid the penalties associated with government regulations.
• all of these

Collateral is

• never needed to get a loan.
• something provided to ensure a loan is paid.

Sneaker Pawn has been successful because

• it provides services people want & are willing to pay for.
• it charges so much money for sneakers.
• people sell their sneakers for less than they're worth.
• the store takes advantage of people.

The price of sneakers

• will always go up
• will always go down
• depends on the willingness of people to pay for them.

According to the video,

• government regulations sometimes entice people into the underground economy.
• the underground economy is completely illegal.
• entrepreneurs just want to make money, not solve problems for people.
• sneakers are highly profitable because of the international exchange rate.

According to Chase Reed, buying sneakers

• is not throwing money away because sneakers are assets.
• is risky business.
• should only be done by people who plan to wear them.
• none of these

Chase's business

• hurts traditional stores such as Foot Locker because of the competition
• involves individuals who make decisions based on what they think is best for themselves.
• is silly because no one collects and saves sneakers. 
• cheats customers who have no options and are forced to pay high prices.

People who receive government benefits can ____________________ money by buying sneakers to avoid the government penalties they might otherwise face.

• donate
• spend
• regulate
• save