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Madyson Hartmann

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Cards in this guide (15)
What does liability insurance cover

The term "Liability" means anything you are libal for. The best way to put it is the liability section of an insurance policy covers other people's bodies and stuff, in the event you harm either of those things.

The medical and car repair bills for anyone else involved in an accident you caused

How can the government promote socially responsible production

By passing environmental-protection regulations

How are credit unions different from banks

Credit unions are nonprofit financial institutions.

Technically, you're answer is incorrect. Credit unions are not-for-profit, member owned, financial cooperatives. They are NOT the Salvation Army, the Red Cross, or Goodwill, which are nonprofit organizations. Credit Unions must earn money to cover overhead & operations, provide returns to their members and build capital. Since they are cooperatives, they issue no stock (which banks do to raise capital to expand branchs and offer additional services) and the only way credit unions can build capital is through earnings.

Why do many banks consider student loans risky investments

Student loans aren't secured by collateral.

What provides a bank with collateral on a car loan

The car itself

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 is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage

Government mortgages charge lower interest rates than conventional mortgages.

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.

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

What is happening in the information technology sector of the global economy

Many information technology jobs are shifting from developed countries to the new globalizers.

The World Bank loans developing countries money in order to do what

The World Bank loans developing countries money in order to improve conditions in the country. It can be used for various purposes, including education, job development, and infrastructure.

Consumers can use lobbying to accomplish what

To get the government to pass new laws

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

a

b

d

c

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