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ARE YOU FINANCIALLY LITERATE? CHAPTERS 6-8
7. What impact did a money economy eventually have on the distribution of wealth and power? _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 8. Prior to the Medici’s invention of the holding company, why were people suspicious of banks with several branches? _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 9. List five ways you can increase your non-material wealth. _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 10. During the Industrial Revolution, the most important bankers in Europe were members of a single family. A money economy eventually contributed to the redistribution of power; A money economy mobilized wealth , enabling more than the nobility to accumulate wealth . In the past, people had been suspicious of banks with multiple branches because when one branch failed, it often had a domino effect, causing the others to fail . Great fortunes had been lost throughout Europe . Student ’s discretion PRODUCT PREVIEW
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a. the Medici Family b. the Windsor Family c. the Rothschild Family d. the Addams Family 11. Capitalism is __________. a. a political system b. a form of government
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c. a social movement d. an economic system 12. List the two key features of capitalism:
_ ____________________________________________________________________ _ ____________________________________________________________________ Private ownership of property; Operation of business for profit.
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149 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY
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