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WorksheetsFinal Economics Test 2021
Total questions: 21
Worksheet time: 12mins
Cash received are inflows, and __________ spent are outflows.
coins
money
bonds
income
Many of the tax benefits set up to help individuals and families will expire in
2022
2025
2028
2030
TRUE OR FALSE:
The average tax cut was approximately $1,600 based on the returns the company processed in 2018.
TRUE
FALSE
The law creates a single corporate tax rate of
20%
21%
22%
23%
The Great Recession refers to the economic downturn from
2003 - 2006
2007 - 2009
2010 - 2012
TRUE OR FALSE:
Financial institutions do not vary by size, scope, and geography.
TRUE
FALSE
This is a company engaged in the business of dealing with monetary transactions
independent business
financial institution
credit lenders
TRUE OR FALSE:
Infrastructure spending is designed to increase productivity by enabling businesses to operate more efficiently.
TRUE
FALSE
Used to return money to consumers and boost spending
tax cuts and rebates
economic growth
deregulation methods
Conditions, Capacity, Capital, Collateral and Character all make you the 5 C's of
credit
profit
money
TRUE OR FALSE:
Every creditworthy borrower has 5 things
TRUE
FALSE
When something occurs between a buyer and a seller
advertisement
transaction
lender agreement
The total spending divided by the total quantity equals the
price
profit
income
Money + Credit =
total spending
total earning
total income
TRUE OR FALSE:
Cash flows are the net amount of cash and cash-equivalents being transferred to and out of a business
TRUE
FALSE
____________ relaxes the rules imposed on businesses and have been credited with creating growth
deregulation
infrastructure spending
The Great Depression occurred in the
1930's
1940's
1950's
This Act consisted of ____________ raised overall in tax cuts/credits and unemployment benefits for families
$831 billion
$832 billion
$833 billion
The American Recovery and Reinvestment Act of 2009 (ARRA) was a fiscal stimulus bill signed by
The 44th President
The 45th President
The 46th President
Which one of the (3) main forces that drive the economy is missing?
- Productivity Growth
- Long Term Debt Cycle
(a)
BONUS QUESTION:
What is Mr. Lee's middle name? :)
(a)
