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Irma Block

Lvl 10
βˆ™ 2021-10-25 18:34:39
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Cards in this guide (25)
Why is a checking account more convenient than a savings account

It's easier to spend the money in a checking account.

How can the government promote socially responsible production

By passing environmental-protection regulations

Why do central banks play an important role in the global economy

Central banks control the foreign currency reserves that are used for international trade.
They also set each country's monetary policies.

The existence of an international division of labor among countries enables those countries to have what

Specialized production

What is discretionary spending within a budget

Money that can be used for any purpose

What provides a bank with collateral on a car loan

The car itself

Which is one way that credit cards differ from debit cards

With a credit card, you pay later for something you buy.

What is one of the disadvantages of getting a government-sponsored mortgage

Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.

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.

How do flexible expenses differ from fixed expenses

Flexible expenses vary over time.

Consumers can go to small-claims court when what happens

Other ways of resolving their complaint fail.

What pair of words best describes the purpose of using cost benefit analysis

To make decisions that maximize benefits.

Rational and Subjective.

Objective and systematic

pleasure (benefit) and pain (cost)

calculating and coherent

Rational and structured =making a list of costs and benefits

How can the news media help protect consumers

By investigating and exposing bad products and business practices

Which of these makes a student loan different from other types of loans

Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.

Why does globalization contribute to the rise of international terrorism

Globalization has resulted in turmoil and dislocation for many people around the world.

Globalization can bring about dislocation and inequality.

What is the purpose of production budget

purpose of production budget

Match each of these credit card terms with THE correct description

chadwick and the neutron

rutherford and the proton

thomson and the electron

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.

Why do lower labor costs in other countries lead to job loss in the United States

Lower labor costs in other countries lead to job less in the United States because it enables producers to undersell domestic producers.

What can you do in addition to cutting all unnessary expenses to make sure your expenses don't exceed your income

Increase your income!

What is the purpose of credit report check

The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.

Which if the following dose not protect consumers

A boycott.

Which of the following are not expenses that apartment dwellers have to pay

The mortgage

Ask us of these describes the costs and benefits of getting a mortgage

Buy a House but Result in Large Interest Payments - Apex

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