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