Cards in this guide (23)
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
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
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
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
What production practices promotes sustainable developement
The use of renewable resources
Ask us of these describes what can happen with an adjustable-rate mortgage
Banks that are locally owned and operated