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Economics Review Jeopardy. Business Organizations/Competition. Money, Banking, and the Fed. Marketing/ Distribution. Credit and Debt. 2nd Half. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400. - PowerPoint PPT Presentation
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Economics Review JeopardyMarketing/Distribution
Business Organizations/Competition
Money, Banking, and
the Fed
Credit and Debt
2nd Half
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
$100 Question from Marketing/Distribution
What is the purpose of marketing?
$100 Answer from Marketing/Distribution
Convince consumers that a product will add to their
utility.
$200 Question from Marketing/Distribution
What is the usefulness of a product or service?
$200 Answer from Marketing/Distribution
Utility
$300 Question from Marketing/Distribution
What is the series of stages that a product goes
through?
$300 Answer from Marketing/Distribution
Product Life Cycle
$400 Question from Marketing/Distribution
What are the four types of utility?
$400 Answer from Marketing/Distribution
FormTimePlaceOwnership
$500 Question from Marketing/Distribution
What are the four P’s of marketing?
$500 Answer from Marketing/Distribution
Product, Place, Price, and Promotion
$100 Question from Business Organizations/Competition
What is a temporary partnership set up for a specific purpose for a short period of time?
$100 Answer from Business Organizations/Competition
Joint Venture
$200 Question from Business Organizations/Competition
What is the term for a person that starts a
business?
$200 Answer from Business Organizations/Competition
Entrepreneur
$300 Question from Business Organizations/Competition
What type of market only contains a few companies in competition with one
another?
$300 Answer from Business Organizations/Competition
Oligopoly
$400 Question from Business Organizations/Competition
What type of business organization are most
businesses in America?
$400 Answer from Business Organizations/Competition
Sole Proprietorships
$500 Question from Business Organizations/Competition
What is the term for a business having complete legal
responsibility for all debts and damages?
$500 Answer from Business Organizations/Competition
Unlimited Liability
$100 Question from Money, Banking, and the Fed
What is the name of the American government’s
bank?
$100 Answer from Money, Banking, and the Fed
The Federal Reserve
$200 Question from Money, Banking, and the Fed
What was the FDIC created to do?
$200 Answer from Money, Banking, and the Fed
To increase confidence in
banks by insuring deposits
$300 Question from Money, Banking, and the Fed
What are the three functions of money?
$300 Answer from Money, Banking, and the Fed
Store of value, Medium of exchange,
Unit of accounting
$400 Question from Money, Banking, and the Fed
Most of the currency in the United States is in the form
of?
$400 Answer from Money, Banking, and the Fed
Federal Reserve Notes
$500 Question from Money, Banking, and the Fed
Diamonds could not be used as money because they are not
______________.
$500 Answer from Money, Banking, and the Fed
Easily Divisible
$100 Question from Credit and Debt
What is the term for the original amount of money
borrowed?
$100 Answer from Credit and Debt
Principle
$200 Question from Credit and Debt
What is the cost of borrowing money?
$200 Answer from Credit and Debt
Interest
$300 Question from Credit and Debt
What is the term for debts paid back in equal
payments over a period of time?
$300 Answer from Credit and Debt
Installment Debt
$400 Question from Credit and Debt
What is the term for installment debts on land, businesses, or property?
$400 Answer from Credit and Debt
Mortgage
$500 Question from Credit and Debt
What is a financial institution owned and operated by its
members?
$500 Answer from Credit and Debt
Credit Union
$100 Question from Second Half
What is the cost of credit expressed as dollars and
cents?
$100 Answer from Second Half
Finance Charge
$200 Question from Second Half
What is something of value used to secure a loan?
$200 Answer from Second Half
Collateral
$300 Question from Second Half
What card is the same as an “electronic check”?
$300 Answer from Second Half
Debit Card
$400 Question from Second Half
Where are the stocks of the largest corporations in the United States traded?
$400 Answer from Second Half
New York Stock Exchange(NYSE)
$500 Question from Second Half
What are all of the activities done to move goods and
services from the producer to the consumer?
$500 Answer from Second Half
Marketing
Final JeopardyWhat financial institution takes over contracts on installment
debts from retailers and receives a fee for collecting the debt?
Final Jeopardy Answer
Finance Companies