What above all else drives transactions?

Question 1 options:

The global marketplace

Human nature

All of the provided answers are correct.

The economy

Which of the following is not one of the three main forces that drive the economy?

Question 2 options:

Interest rates

Short term debt cycle

Productivity growth

Long term debt cycle

Question 3

What is the building block of the economy?

Question 3 options:

The GDP

The Fed's fiscal policies

Interest rates

Transactions

Question 4

A buyer exchanges money or credit with a seller for which of the following?

Question 4 options:

A commodity

Goods, services or financial assets

A specific item, such as a car

Products, produce or tangible assets

Question 5

What is the most important and probably least understood part of the economy?

Question 5 options:

Global transactions

Credit

The Stock Market

Interest rates

Question 6

What makes the Central Bank different from other buyers and sellers?

Question 6 options:

It controls all of the nation's credit

It controls the prices that sellers can ask for their products

It controls the amount of money and credit in the economy

It controls the cash flow between the Fed and Legislative branches of the government

Question 7

What two elements are needed to make a borrower 'creditworthy'?

Question 7 options:

They have a good credit score and low interest mortgage

They can repay in a very short time and in cash

They are at least 21 years of age and have a full-time job

They have the ability to repay and have collateral if they can't pay

Question 8

Which one of the following matters most in the long run?

Question 8 options:

Interest

Productivity

Transactions

Credit

Question 9

Conversely, which one of the following matters most in the short run?

Question 9 options:

Transactions

Interest

Credit

Productivity

Question 10

What causes "cycles" in the economy?

Question 10 options:

Population growth

Interest rates

Borrowing

The Stock Market

Question 11

When conducting a transaction, what is the main difference between money and credit?

Question 11 options:

When buying with either money or credit the transaction is settled immediately

When buying with money, the transaction is settled immediately

It all depends on what the transaction is all about

When buying with credit, the transaction is settled immediately

Question 12

Which of the following is a short run characteristic of an economy with credit?

Question 12 options:

Income decreases because of increased spending

There is less spending due to drops in income

There is more spending and income rises faster than productivity

Spending slows down because interest rates go up

Question 13

Which of the following results from the amount of spending and income growing faster than the production of goods, causing prices to rise?

Question 13 options:

Buyer's market

Deflation

Inflation

Recession

Question 14 (

When lots of goods, services and financial assets are being bought on borrowed money, we have ___________.

Question 14 options:

a slowing economy

a bubble

a Bear Market

a normal economy

Question 15

Which of the following are ways to reduce the impact of a deleveraging?

Question 15 options:

Redistribute wealth

The central bank prints more money

Reduce debt

All of the provided answers are correct