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WorksheetsEconomics and Finance
Total questions: 20
Worksheet time: 14mins
What type of economy is strictly ruled by government?
Command economy
Market economy
Mixed economy
Traditional economy
Where's your check number located on a check?
Top right
Bottom left
Top left
Bottom right
What colored pens are allowed on a check?
Blue
Black
Red
Green
How is a dictatorship ran?
Two leaders
President
One leader
By the people
What is the range of credit score one can have?
400-850
150-780
300-850
250-800
What are the two aspects that will affect your credit score the most?
Payment history
Types of credit
New credit
Credit utilization
What are two loans that don't count towards credit mix?
Home equity loans
Title loans
Payday loans
Personal loans
Debit card purchases build your credit
True
False
Which way does the curve shift if the government imposes a tax on producers?
Left
Right
What is a market economies principle?
Supply and demand
Government rule
Hunting & gathering
By the people
Which economy has characteristics of the government and the people?
Market economy
Traditional economy
Mixed economy
Command economy
A person writes a check with misinformation, what should they write in bold on the check to cancel it?
VETO
CANCEL
VOID
WRONG
The stock market was NOT affected by Covid-19
True
False
What are two countries run by a command economy?
Iran
Sweden
Cuba
France
What is the average credit score in the U.S?
698
700
810
530
Which factor will have the LEAST impact on whether a person gets credit or not?
Capacity, how able the person is to payback the loan
Character, how willing the person is to pay back the loan
Compatibility, how much the loan officer likes the person
Collateral, how much the persons assets are worth
You get into a car wreck and can no longer work, what type of insurance will replace your earnings?
Health
Liability
Unemployment
Disability
When using a credit card, You are
Withdrawing from your account
Promising to pay the store
Borrowing money from your bank
Making a commercial loan
Prices are lower when supply is greater than demand
True
False
Why are entrepreneurs considered risk takers?
They are charged more taxes than other people who own their own business
They invest time and money that may be lost
They combine productive resources to start a new business
They will be successful in the business no matter the circumstance
