2024 2nd 9wk test

Front

Which institution makes all of the coins in the United States? Options: Bureau of the Mint, Federal Reserve, Bureau of Engraving and Printing, Federal Deposit Insurance Corporation

Back

Bureau of the Mint

Front

One of the drawbacks of electronic funds transfer is

Back

the possibility of tampering is increased because records are stored in a computer.

Front

It is important for money to be durable because

Back

it must be able to withstand the wear and tear of use.

Front

The Federal Reserve System was established to

Back

control the amount of money in circulation.

Front

Representative money is money that is

Back

backed by a valuable item, such as gold.

Front

When you use the item shown in the illustration, you are using

Back

borrowed money

Front

What form of business organization can own assets and borrow money without directly involving the people who own it, and therefore it is more closely regulated by the government than other business organizations?

Back

corporation

Front

The four possible forms of business organization include all the following except: sole proprietorship, corporation, limited liability, franchise.

Back

franchise

Front

What form of business ownership is subject to the least amount of taxation and government regulation?

Back

sole proprietorship

Front

Entering business in what manner can mean a high purchase price and high initial operating fees? Options: starting one’s own business in a storefront location, buying an existing non-franchise business, buying into a family business, buying an existing franchise business

Back

buying an existing franchise business