Economic system in which the government owns and controls the means of production to benefit all the people is called ?

A. dictatorship
B. socialism
C. capitalism
D. authoritarianism

In Planned economy’ Production and distribution of Wealth is under control of_____________?

A. private sector
B. government
C. bank
D. none of the above

There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?

A. grey market
B. over-the counter (otc)
C. open market
D. back market

Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?

A. oligopoly
B. monopoly
C. oligopsony
D. grey market

Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?

A. liquid asset
B. solid asset
C. hard asset
D. none of these

Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?

A. hard leaf
B. maple leaf
C. green leaf
D. gold leaf

Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?

A. national association of securities dealers automatic quotation system (nasdaq)
B. new york stock exchange
C. wall street
D. nikkei stock average

A company’s first sale of stock to the public is called ?

A. public offering
B. first public offering
C. initial public offering (ipo)
D. going public

A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?

A. demand draft
B. draft
C. invoice
D. bill of intent

In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?

A. kickback
B. commission
C. bribe
D. graft