Exam (elaborations)
WORLD SCHOLARS CUP QUESTIONS AND ANSWERS
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WORLD SCHOLARS CUP QUESTIONS AND ANSWERS
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Name: Score:33 Multiple choice questions
Definition 1 of 33
A state of balance between supply and demand
Demand
Equilibrium
Perfect Competition
Arbitrage
Definition 2 of 33
a tax or duty to be paid on a particular class of imports or exports
tariff
capital
monopoly
embargo
Definition 3 of 33
money that has value because the government has ordered that it is an acceptable means to
pay debts
representative money
plastic money
fiat money
commodity money
,Definition 4 of 33
A rule or directive made and maintained by an authority.
regulation
ordinance
supply
sanction
Definition 5 of 33
a system for buying and selling stocks in corporations
over the counter market
stock market
primary market
capital market
Definition 6 of 33
The simultaneous purchase and sale of an asset in order to profit from a difference in the price
leverage
perfect competition
arbitrage
equilibrium
Definition 7 of 33
economic system in which individuals decide for themselves what to produce and sell
commercial money
free market
naval stores
monopoly
, Definition 8 of 33
a decentralized market without a central physical location, where market participants trade
with one another through various communication modes
stock market
over the counter market
securities markets
the third market
Definition 9 of 33
a negotiable financial instrument that holds some monetary value
commodity
equity
security
safety
Definition 10 of 33
a form of market in which private individuals cone together to sell household and garden
goods.
black market
boot sale
imperfect competition
free market
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