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Credit and Debit Cards

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Michael Bogisich

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Cards in this guide (17)
People who lease a car are paying for what

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

Which of these is an example of a fixed expense

Rent

food

car payment

electric bill

What is most similar to a generic good

A brand-name good

What makes a credit card more convenient than a debit card

It can be used to buy things without immediate payment.

What are you paying for when you lease a car

The decrease in the car's value

A boycott would not be successful under what circumstance

If most consumers didn't stay away from the company that was being protested against, a boycott would not be successful.

What is the grace period on a credit card

The number of days the customer can wait to pay for purchases without being charged interest

Which is not a policy tool used by the Fed

Making tax cuts

Economics is about the production of goods and services which requires the allocation of what

Resources

Which of these helps you avoid debt by keeping your expenses below your income

A personal budget

Which of these makes it easier for a person to get a credit card

A good credit history

What is the purpose of production budget

purpose of production budget

Consumers can use lobbying to accomplish what

To get the government to pass new laws

Which of these describes how a five or one ARM mortgage works

The interest rate is fixed for five years and then changes every year afterward describes how a five or one arm mortgage works.

What describes the kinds of decisions that result from using cost-benefit analysis

An outcome with benefits that are greater than the costs.

Which of these describes the costs and benefits to taking a college loan

College loans help increase future earning power but result in a long-term commitment to monthly payments.

Which if the following dose not protect consumers

A boycott.

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