Which of these is NOT true about labor unions? 1. There are more unions jobs than non union jobs 2. They fight for better pay for their members 3. Members have to pay for membership fees 4. Many are seniority based where the longer you stay the more benefits you get

There are 100,000 adults in the population. 80,000 of them are in the labor force. 60,000 of the labor force are employed. What is the unemployment rate 25% 20% 75%  40%

The group of people who destroyed machines because they were taking away their jobs were known as   1. Federalists 2. Fascists 3. Tories 4. Luddites

You take out a student loan $5000 at 5% interest. What is the amount you will owe in 10 years if the interest compounds monthly? (Round to the nearest dollar) 1. $8235 2. $8750           3. $9012            4. $9800

What is the function of money as a medium of exchange? 1. Store of value 2. Unit of account 3. Facilitates transactions 4. All of the above

Which list ranks assets from most to least liquid?     stocks, money, cars, houses stocks, cars, money, houses money, stocks, cars, houses money, cars, houses, stocks

We would expect the interest rate on Bond A to be higher than the interest rate on Bond B if the two bonds have identical characteristics but the credit risk associated with Bond A is lower than the credit risk associated with Bond Bond A was issued by the city of Philadelphia and Bond B was issued by New York Bond A has a term of 20 years and Bond B has a term of 2 years All of the above are correct

In financial markets, when many investors buy or sell assets simultaneously because they believe others are doing the same, it is often referred to as: 1. Diversification 2. Arbitrage 3. Herding behavior 4. Risk aversion

Which of these is not true regarding banks? They are a safe place to store money They always act as the lender while their customers are the borrowers. You offer easy access to your money They offer low interest rates

You use dollar bills to pay the owner of a restaurant for a delicious meal. The currency   has intrinsic value. The exchange is not an example of barter has intrinsic value. The exchange is an example of barter has no intrinsic value. The exchange is an example of barter has no intrinsic value. The exchange is not an example of barter