Q:1-What happens to most of the money deposited in checking accounts at a commercial bank?
Mark one answer:
It is used to pay the bank's expenses.
It is loaned to other bank customers.
It is kept in the bank's vault until depositors withdraw the funds.
It is paid to owners of the bank as return on their investment.

Q:6-Which of the following is an example of capital for a firm that produces wind?powered electricity?
Mark one answer:
The wind that sets the windmill in motion
The businessperson who established the firm
The windmill that produces the electrical power
The workers who build and repair windmills

Q:7-Barter requires that each of two parties want the good or service that the other party is offering. Which of the following reduces the need for barter?
Mark one answer:
Money
Insurance
Employment
Manufacturing

Q:8-If there were a decrease in the worldwide production of oil, which of the following would most likely occur?
Mark one answer:
Global consumption of oil would increase.
Economic growth in oil-importing countries would decrease.
International spending on research into alternative energy sources would decrease.
Global exploration for new oil reserves would decrease.

Q:9-What is most likely to happen when consumers increase their purchases of goods and services?
Mark one answer:
Businesses will increase production, and workers will receive more income.
Businesses will increase production, and workers will receive less income.
Businesses will decrease production, and workers will receive more income.
Businesses will decrease production, and workers will receive less income.

Q:10-Which of the following best describes why the price of wheat might rise following a poor wheat harvest?
Mark one answer:
The demand for wheat has decreased.
The demand for wheat has increased.
The supply of wheat has decreased.
The supply of wheat has increased.