Home Quiz Guess the Basic Economics Terminology
Preview (15 questions)
1 Question
před 15 sekundami
Q.

A compulsory levy on a taxpayer by the government.

Tariff

Tax
2 Question
před 30 sekundami
Q.

An agreement under which goods and services, or money is exchanged against a promise to pay later.

Credit

Debit
3 Question
před 15 sekundami
Q.

Assets held or obtained for expenditure.

Capital

Interest
4 Question
před 15 sekundami
Q.

The general rise in price levels over a period of time.

Growth rate

Inflation
5 Question
před 15 sekundami
Q.

The decrease in the monetary value of an asset over time.

Depreciation

Devalue
6 Question
před 15 sekundami
Q.

______ occurs when expenses exceed revenues.

Deficit

Surplus
7 Question
před 15 sekundami
Q.

The slowdown in economic activities.

Capital intensive

Recession
8 Question
před 15 sekundami
Q.

A fixed income tool representing the loan made by an investor to a borrower.

Bond

Equity
9 Question
před 15 sekundami
Q.

A benefit gave by the government to individuals or entities to make goods available to people at an affordable cost.

Stock

Subsidy
10 Question
před 15 sekundami
Q.

The rate at which one country's currency can be exchanged for another country's currency.

Exchange rate

Distant sale
11 Question
před 15 sekundami
Q.

It is the ease at which an asset can be converted to cash.

Appreciation

Liquidity
12 Question
před 15 sekundami
Q.

A year set as a reference point for comparison purposes.

Base year

Dividend
13 Question
před 15 sekundami
Q.

It is the mechanism by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

Demand Schedule

Fiscal policy
14 Question
před 15 sekundami
Q.

This branch of the economy deals with interest rates and national productivity.

Microeconomics

Macroeconomics
15 Question
před 15 sekundami
Q.

A government policy of minimal or no interference in the economic affairs of individuals and society.

Laissez-faire

Ceteris paribus