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.
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Term1/19
What provides a bank with collateral on a car loan
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Definition1/19
The car itself
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Term1/19
People who lease a car are paying for what
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Definition1/19
The reduction in the car's value while they're driving it
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Term1/19
What describes how a fixed-rate mortgage works
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Definition1/19
The monthly payment on a fixed-rate mortgage never changes.
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Term1/19
What is the purpose of a letter-writing campaign conducted by a group of consumers
🔄 Click to see definition
Definition1/19
To get a company to change its business practices
voluntarily
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Term1/19
Why does a savings account make a better investment than a checking account
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Definition1/19
Savings accounts earn interest.
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Term1/19
What can discretionary funds be used to pay for
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Definition1/19
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.
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Term1/19
What pair of words best describes the purpose of using cost benefit analysis
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Definition1/19
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
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Term1/19
How can the news media help protect consumers
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Definition1/19
By investigating and exposing bad products and business
practices
🔄 Click to see term
Term1/19
Why is it important for people to maintain a good credit history
🔄 Click to see definition
Definition1/19
So that they have an easier time getting loans and credit
cards
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Term1/19
A warranty protects consumers against what
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Definition1/19
Defective or damaged products--APEX
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Term1/19
What is the purpose of production budget
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Definition1/19
purpose of production budget
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Term1/19
Consumers can use lobbying to accomplish what
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Definition1/19
To get the government to pass new laws
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Term1/19
Which is a procedure that quantifies the personal value of a purchase
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Definition1/19
the purchase price is calculated as a certain number of working
hours.
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Term1/19
Small- claims court is a place for which of the following
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Definition1/19
People to resolve financial differences
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Term1/19
What are the correct steps to show how a budget is made
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Definition1/19
a
b
d
c
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Term1/19
What time is Churchill most clearly using
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Definition1/19
I cannot answer this question.
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Term1/19
Match each organization with its correct relationship to the government
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Definition1/19
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
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Term1/19
Match each type of unfair business practice with its description (apex)
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Definition1/19
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.
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Cards in this guide (19)
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
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 the purpose of a letter-writing campaign conducted by a group of consumers
To get a company to change its business practices
voluntarily
Why does a savings account make a better investment than a checking account
Savings accounts earn interest.
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
Why is it important for people to maintain a good credit history
So that they have an easier time getting loans and credit
cards
A warranty protects consumers against what
Defective or damaged products--APEX
What is the purpose of production budget
purpose of production budget
Consumers can use lobbying to accomplish what
To get the government to pass new laws
Which is a procedure that quantifies the personal value of a purchase
the purchase price is calculated as a certain number of working
hours.
Small- claims court is a place for which of the following
People to resolve financial differences
What are the correct steps to show how a budget is made
a
b
d
c
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 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.