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

A compulsory levy on a taxpayer by the government.

Tariff

Tax
2 Question
πριν 30 δευτερόλεπτα
Q.

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

Credit

Debit
3 Question
πριν 15 δευτερόλεπτα
Q.

Assets held or obtained for expenditure.

Capital

Interest
4 Question
πριν 15 δευτερόλεπτα
Q.

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

Growth rate

Inflation
5 Question
πριν 15 δευτερόλεπτα
Q.

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

Depreciation

Devalue
6 Question
πριν 15 δευτερόλεπτα
Q.

______ occurs when expenses exceed revenues.

Deficit

Surplus
7 Question
πριν 15 δευτερόλεπτα
Q.

The slowdown in economic activities.

Capital intensive

Recession
8 Question
πριν 15 δευτερόλεπτα
Q.

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

Bond

Equity
9 Question
πριν 15 δευτερόλεπτα
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
πριν 15 δευτερόλεπτα
Q.

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

Exchange rate

Distant sale
11 Question
πριν 15 δευτερόλεπτα
Q.

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

Appreciation

Liquidity
12 Question
πριν 15 δευτερόλεπτα
Q.

A year set as a reference point for comparison purposes.

Base year

Dividend
13 Question
πριν 15 δευτερόλεπτα
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
πριν 15 δευτερόλεπτα
Q.

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

Microeconomics

Macroeconomics
15 Question
πριν 15 δευτερόλεπτα
Q.

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

Laissez-faire

Ceteris paribus