SSEPF1-4

Front

How do commercial banks make a profit?

Back

Commercial banks make a profit by paying depositors a lower interest rate than they charge borrowers.

Front

Which describes the risks & returns of investing in stocks? Options: lowest risk and the highest potential returns, highest risk and the lowest potential returns, highest risk and the highest potential returns, lowest risk and the highest potential returns

Back

highest risk and the highest potential returns

Front

Which is a fundamental question every society must answer? Options: What goods and services are to be produced?, How are the goods and services to be produced?, Who will get the goods and services that are produced?, All of the above

Back

All of the above

Front

If the producer in the PPC seen here is producing at point X, moving to point Z would mean an opportunity cost of

Back

10 gallons of milk

Front

Which one of the following terms is an organized spending plan for one's money?
SSEPF1b
Options: Cost System Analysis, Bankruptcy, Budget, Profit and Loss Statement

Back

Budget

Front

Why do women need to save more money than men for retirement?

Back

They tend to live longer on average, women still earn less than men in some jobs, and women take time off from their jobs to have/raise children.

Front

Which one of the following terms is money that is paid regularly at a particular rate for the use of borrowed money? Options: Deposit, Withdrawal, Interest, Net Worth

Back

Interest

Front

Which federal agency protects deposits in commercial banks?

Back

FDIC

Front

Financial institution licensed to receive deposits and make loans.

Back

bank

Front

A cost that varies with the level of output.

Back

variable costs