1. savings plan or method you can employ to save money over time (1 point)
2. a financial goal to be achieved within a period of time less than twelve months (1 point)
3. a financial goal to be achieved within a period of twelve months or more (1 point)
4. the part of the purchase price of a high–priced item that the buyer pays, usually in cash, and its not included in the loan amount (1 point)
5. a one–time payment not expected to recur (1 point)
6. an individual who tends to prefer higher risk (possibly higher reward) investments (1 point)
7. an individual who tends to prefer lower risk (lower return) investments (1 point)
8. an investment by an individual or venture capital corporation used to start a new or unusual undertaking (1 point)
9. a firm that acts as an intermediary between a company that needs additional money and potential investors (1 point)
10. a document representing the money an individual deposits into a financial institution for a set period of time as a specified interest rate (1 point)

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.