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Credit and Debit Cards

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Colten Gottlieb

Lvl 10
โˆ™ 2021-10-17 18:35:25
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Cards in this guide (29)
How do people keep track of the amount of money in their checking accounts

checkbook registers

People who lease a car are paying for what

The reduction in the car's value while they're driving it

What describes how a fixed-rate mortgage works

The monthly payment on a fixed-rate mortgage never changes.

What does a good credit history do for consumers

It makes it easier for them to get loans.

What is most similar to a generic good

A brand-name good

What is the annual percentage rate APR on a credit card

The amount of interest charged on unpaid balances

Which of these most accurately describes the costs and benefits of using a credit card

Credit cards are convenient but can result in debt.

Why do economic decisions vary from person to person even under the same circumstances

Costs and benefits are subjective.

Using an amortization table gives you information about what

A loan.

What protects customers who purchase defective products

A warranty.

Why does a savings account make a better investment than a checking account

Savings accounts earn interest.

Maintaining a good credit history makes it easier to do what

Get a loan

When is liability insurance needed

When you cause an accident that damages another vehicle or hurts someone

What is the purpose of the required reserve ratio

. To make sure banks have enough money on hand to meet customers' withdrawal requests

This is incorrect. Fractional Reserve Banking is the Instrument by which Banks lend money against your signature and only need 10% of the funds on hand to do so. They create 90% of the funds out of thin air. It is virtually legalized counterfeiting. Then they have the nerve to charge you interest on this money they created from nothing. Anybody who accepts this as a good idea is insane. If you don't believe me there are many you tube videos on the subject. An excellent place to start is "The Four Horsemen" featuring testimony from people such as the ex chief economist from the World Bank.

Why is buying a house a better investment than renting an apartment

Renting an apartment is not an investment.

Mortgage payments increase the home-owner's equity.

Which of these is a way that businesses can be socially responsible

By minimizing pollution from production

Consumers can use lobbying to accomplish what

To get the government to pass new laws

What is a form of self-help financial aid

Student loans

Help you match each author with correct era

You can match authors with the correct era by visiting your local library. A librarian can help you find all you need to know about each author and their works.

Which one of these describes a situation in which people have to pay a deductible

When their insurance policy only covers part of a medical expense.

Why would you need a credit card if you are not working

you will need a credit card if your not working because you have no money so you use a credit card to borrow money from the bank.The disadvy :(antage of that is that later you have to pay :(

What is one primary concern for socially responsible consumers

Sustainability

Apex:)

Can you pay your credit card bill by another credit card

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.

What production practices promotes sustainable developement

The use of renewable resources

What is the difference between and brand name and generic product

The company that sells the product

Which of the following is an example of a risk behavior

Chewing tobacco

What health consequence is most likely to result from a diet high in saturated fats and refined sugars

heart disease

What is one of the primary concerns of socially responsible consumers

Substainability

True or false a person who exercises self decipline is taking a step toward improving his or heath

Most likely. Self-discipline is necessary for almost any endeavor you would choose to do.

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