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