Money and finance terms - trivia 8

1) What is an exchange rate?

a) the worth of one currency compared to another country's currency
b) the future value of a currency

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Money and finance terms - trivia 7

1) What is a prime rate?

a) the standard rate charged to all customers
b) the most favorable interest rate that banks charge to lend money to their best customers

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Money and finance terms - trivia 6

1) What is hard currency?

a) currency that is stable and sound enough to be accepted internationally
b) currency that is not stable or sound enough to be accepted internationally

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Money and finance terms - trivia 5

1) What is capital?

a) the amount of goods or services that someone owes to another
b) the assets available for use to produce more assets

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Money and finance terms - trivia 4

1) What is a subprime loan?

a) a loan where only the highest credit rating customers qualify
b) a loan granted to customers who would not ordinarily qualify for credit

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Money and finance terms - trivia 3

1) What is an unsecured loan?

a) a loan where you don't have to offer any collateral to secure the loan
b) collateral is required to secure the loan

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Money and finance terms - trivia 2

1) What is federal debt?

a) money that businesses owe
b) government debt; the money the country owes

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Money and finance terms - trivia 1

1) What is debt?

a) the amount of goods or services that someone owes to another
b) the amount of goods or services that someone has a surplus of

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