
Financial Concepts Quiz
Authored by Jim Rivello
Professional Development
12th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are financial organizations that do not accept deposits but provide various financial services, like insurance companies?
Non-Depository Institutions
Elastic Demand
Discretion
Price Ceiling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the point where the quantity demanded by consumers equals the quantity supplied by producers?
Price Floor
Equilibrium Point
Inelastic Demand
Allocates
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a maximum price set by the government that can be charged for a product or service?
Price Ceiling
Demand Elasticity
Fungible
Discretion
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the freedom to make decisions within certain boundaries or limits?
Fungible
Discretion
Equilibrium Point
Non-Depository Institutions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ are often used by businesses to manage financial risk or hedge against market fluctuations.
Stocks
Derivatives
Bonds
Commodities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the demand for a product does not change much when its price changes, it is said to have ________________.
Elastic Demand
Inelastic Demand
Perfect Demand
Variable Demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________________ is a place where stocks, bonds, and other securities are bought and sold.
Financial Market
Retail Market
Commodity Market
Labor Market
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