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Credit and Debit Cards

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Una Johns

Lvl 10
โˆ™ 2021-10-27 18:35:43
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Cards in this guide (28)
What is one effect of the profit motive

It pushes companies to seek to eliminate competition.

Why do banks pay their customers interest on the money in their savings accounts

The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.

What provides a bank with collateral on a car loan

The car itself

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.

What describes how a fixed-rate mortgage works

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

What are you paying for when you lease a car

The decrease in the car's value

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.

When is liability insurance needed

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

What can discretionary funds be used to pay for

Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.

How do flexible expenses differ from fixed expenses

Flexible expenses vary over time.

How has the Internet helped boycotters

It enables boycotters to organize and publicize their activities more easily.

Why is it important for people to maintain a good credit history

So that they have an easier time getting loans and credit cards

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 of these prevents private companies from deciding to produce public goods

The profit motive

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

Does globalization benefit us

Some people will say it does, and some will say it won't. But really, globalization is different for everyone.

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.

What are the correct steps to show how a budget is made

a

b

d

c

What is one of the primary concerns of socially responsible consumers

Substainability

What Helps people keep track of the amount of money in the checking account

Checkbook registers (apex)

What time is Churchill most clearly using

I cannot answer this question.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of good with the sample good it represents (apex)

Merit good : education

Public good : national security

Individual good : food

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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What provides a bank with collateral on a car loan

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

What describes how a fixed-rate mortgage works

Which of these is an example of a fixed expense

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How do people keep track of the amount of money in their checking accounts

People who lease a car are paying for what

What describes how a fixed-rate mortgage works

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