The Magnitude Scale

question 92

Multiple Choice

The magnitude scale

• A)originated just after the telescope was invented.
• B)can be used to indicate the apparent intensity of a celestial object.
• C)was devised by Galileo.
• D)is no longer used today.
• E)was used to determine the rate of precession.

Understand the importance of property rights in a market economy.

Recognize the impact of government policies on market economies.

Explain the relationship between prices and economic activity.

Understand the factors contributing to inflation and its effects on an economy.

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Definitions:

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds.

Outstanding Checks

Checks that have been written and recorded in the issuer's accounting system but have not yet been cashed or cleared by the bank.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency.