It pushes companies to seek to eliminate competition.
🔄 Click to see term
Term1/21
Why do banks pay their customers interest on the money in their savings accounts
🔄 Click to see definition
Definition1/21
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.
🔄 Click to see term
Term1/21
What provides a bank with collateral on a car loan
🔄 Click to see definition
Definition1/21
The car itself
🔄 Click to see term
Term1/21
What describes how a fixed-rate mortgage works
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Definition1/21
The monthly payment on a fixed-rate mortgage never changes.
🔄 Click to see term
Term1/21
What are you paying for when you lease a car
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Definition1/21
The decrease in the car's value
🔄 Click to see term
Term1/21
What protects customers who purchase defective products
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Definition1/21
A warranty.
🔄 Click to see term
Term1/21
Why does a savings account make a better investment than a checking account
🔄 Click to see definition
Definition1/21
Savings accounts earn interest.
🔄 Click to see term
Term1/21
When is liability insurance needed
🔄 Click to see definition
Definition1/21
When you cause an accident that damages another vehicle or hurts
someone
🔄 Click to see term
Term1/21
What can discretionary funds be used to pay for
🔄 Click to see definition
Definition1/21
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.
🔄 Click to see term
Term1/21
How do flexible expenses differ from fixed expenses
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Definition1/21
Flexible expenses vary over time.
🔄 Click to see term
Term1/21
Why is it important for people to maintain a good credit history
🔄 Click to see definition
Definition1/21
So that they have an easier time getting loans and credit
cards
🔄 Click to see term
Term1/21
What is the grace period on a credit card
🔄 Click to see definition
Definition1/21
The number of days the customer can wait to pay for purchases
without being charged interest
🔄 Click to see term
Term1/21
What is the purpose of the required reserve ratio
🔄 Click to see definition
Definition1/21
. 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.
🔄 Click to see term
Term1/21
Help you match each author with correct era
🔄 Click to see definition
Definition1/21
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.
🔄 Click to see term
Term1/21
Which one of these describes a situation in which people have to pay a deductible
🔄 Click to see definition
Definition1/21
When their insurance policy only covers part of a medical
expense.
🔄 Click to see term
Term1/21
What are the correct steps to show how a budget is made
🔄 Click to see definition
Definition1/21
a
b
d
c
🔄 Click to see term
Term1/21
What is one of the primary concerns of socially responsible consumers
🔄 Click to see definition
Definition1/21
Substainability
🔄 Click to see term
Term1/21
What time is Churchill most clearly using
🔄 Click to see definition
Definition1/21
I cannot answer this question.
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Term1/21
Match each organization with its correct relationship to the government
🔄 Click to see definition
Definition1/21
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
🔄 Click to see term
Term1/21
Match each type of good with the sample good it represents (apex)
🔄 Click to see definition
Definition1/21
Merit good : education
Public good : national security
Individual good : food
🔄 Click to see term
Term1/21
Match each type of unfair business practice with its description (apex)
🔄 Click to see definition
Definition1/21
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
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.
🔄 Click to see term
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Cards in this guide (21)
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 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.
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
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.
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 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.
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.