answersLogoWhite

0

Personal Finance

User Avatar

Liam Brakus

Lvl 10
2y ago
No Reviews
Leave the first rating

Rate this Study Guide:

Cards in this guide (22)
How can the government promote socially responsible production

By passing environmental-protection regulations

What is discretionary spending within a budget

Money that can be used for any purpose

Why are fixed expenses difficult to reduce

Fixed expenses pay for necessities like rent and utility bills.

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.

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.

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 makes a credit card more convenient than a debit card

It can be used to buy things without immediate payment.

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

Socially responsible consumers prefer to buy from companies that use what

Renewable resources

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.

A warranty protects consumers against what

Defective or damaged products--APEX

Consumers can use lobbying to accomplish what

To get the government to pass new laws

What is an example of a flexible expense

New clothing

Why would you need a credit card if you are not working

you will need a credit card if your not working because you have no money so you use a credit card to borrow money from the bank.The disadvy :(antage of that is that later you have to pay :(

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.

Ask us of these describes what can happen with an adjustable-rate mortgage

Excuse

Banks that are locally owned and operated

Credit union

Related study guides

How can the government promote socially responsible production

What is discretionary spending within a budget

Why are fixed expenses difficult to reduce

How are credit unions different from banks

➡️
See all cards
No Reviews

How can the government promote socially responsible production

What is discretionary spending within a budget

What provides a bank with collateral on a car loan

Which is one way that credit cards differ from debit cards

➡️
See all cards
No Reviews

What is a health insurance deductible

Do planets change position during each season and when do they change for each season

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

What is the reason for putting yourself on a budget

➡️
See all cards
5.0
1 Review

What does liability insurance cover

What is a health insurance deductible

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

How are credit unions different from banks

➡️
See all cards
No Reviews

What is God

What is the reason for putting yourself on a budget

What provides a bank with collateral on a car loan

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

➡️
See all cards
5.0
1 Review