Questions by larkin.abraham - Page 8

Question 1 Revenue is:Question 1 options:A) The amount of money a company pays its employeesB) The amount of money a company has left over after paying billsC) The amount of money a company makes from salesD) The amount of taxes a company has to payQuestion 2 (1 point) The average price of a gallon of milk increased from $3.00 last year to $3.50 thisyear. This is most likely due to ______________________Question 2 options:A) InflationB) The stock marketC) DeflationD) The market basketQuestion 3Which interest-bearing account is best for people who wont need access to theirmoney for several months of longer?Question 3 options:A) Savings AccountB) Checking AccountC) Certificate of DepositD) Credit CardQuestion 4Why would you put money into a savings account?Question 4 options:A) To make frequent withdrawals at ATMs?B) To earn interest on your moneyC) To access the money from this account with personal checksD) To easily access money from this account with a debit cardQuestion 5What is the first step you should take when you want to open a savings account?Question 5 options:A) Go to the bank and fill out an applicationB) Review the different account options that your bank offersC) Present your photo ID to the bank representativeD) Make your initial depositQuestion 6 Aaron wants to open a savings account. Which account will grow his money themost?Question 6 options:A) Account 1 - Interest rate 2%, Interest compounded dailyB) Account 2 - Interest rate 1%, Interest compounded dailyC) Account 3 - Interest rate 2%, Interest compounded semi-annuallyD) Account 4 - Interest rate 1%, Interest compounded annuallyQuestion 7A loss is when:Question 7 options:A) Revenue is greater than expensesB) Revenue is less than expensesC) Revenue is equal to expensesD) None of the aboveQuestion 8You sister is looking for a way to increase the amount of interest she is earning onher savings account. What should she do?Question 8 options:A) Use the money from her savings account to open a checking accountinsteadB) Make monthly withdrawals from her savings accountC) Switch to a savings account with a lower interest rateD) Deposit money into her savings account each monthQuestion 9 What is required when opening a checking account?Question 9 options:A) An Initial DepositB) A SalaryC) A Credit CardD) A copy of your last paycheckQuestion 10Which of the following best describes deflation?Question 10 options:A) A decrease in the cost of goods and servicesB) An increase in the cost of goods and servicesC) A decrease in purchases of a good or serviceD) An increase in purchases of a good or service