econ w!se review guide | 100 Questions with 100% Correct Answers

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"The Fed" is short for - ✔✔The Federal Reserve System A Cash card generally - ✔✔Is purchased with a specific amount of money that can be used to pay for goods or services A company offers d... irect deposit of employees' earnings. The company will still provide each employee with a statement that lists the employee's - ✔✔gross pay, the amount and type of deductions and net pay. A credit card finance charge is: - ✔✔The dollar amount it costs to use credit A Dante Oil Corporation tanker collided with another ship causing a major oil spill that will destroy the environment in the area for years and will cost billions for cleanup. The price of Dante is likely to: - ✔✔Decrease A factor that is likely to affect the market price of a stock is: - ✔✔Corporate profits A government report indicated that the use of Pax's aspirin-free painkiller resulted in 100 cases of stomach poisoning. A large number of Pax's stockholders are likely to: - ✔✔Sell shares causing the price of the stock to decline A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question first? - ✔✔Will I find a balance between financial rewards and personal satisfaction from work? A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should - ✔✔list the cash deposit separately from the check as well as the total of the deposit. A teenage boy has opened a checking account. He is surprised to find that though he is getting a written bank statement each month he is not getting his cancelled checks returned. The teenager should be aware that the reason cancelled checks are NOT returned is to [Show More]

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