FINANCE AND ECONOMICS BUNDLED EXAMS|| DOWNLOAD TO SCORE A+

Price Floor - CORRECT ANSWER The lowest legal price a commodity can be sold at. It is used by the government to prevent prices from being too low Demand Curve - CORRECT ANSWER A graph showing how the demand for a commodity or service varies with changes in its price Higher Prices - ...

What is principal? A. The fee that is paid to borrow money. B. The rate lenders charge borrowers for money. C. The paying off of a debt with a fixed repayment schedule in regular installments over a period of time. D. The non-interest portion of a loan. - CORRECT ANSWER D What is a credit ...

Individuals who win large lottery payouts - CORRECT ANSWER are more likely to declare bankruptcy than those who don't. What is financial capability? - CORRECT ANSWER Having the knowledge, skills, and motivation to make appropriate decisions about your finances. If Jonah wasn't saving...

In the case of a savings account what is the principal? - CORRECT ANSWER The amount of money you deposit The Federal Reserve System is - CORRECT ANSWER The central banking system of the United States The rise in the level of prices for goods and services is - CORRECT ANSWER Inflatio...

A check which has cleared could still bounce. - CORRECT ANSWER False A deposit would appear as a credit on your bank statement. - CORRECT ANSWER True The individual whose name appears after "Pay to the order of" is known as the "payee." - CORRECT ANSWER True If your cancelle...

A nudge is a policy of employers and/or the government to help get consumers to do what is good for them. - CORRECT ANSWER True If you receive tax-sheltered income, it means that - CORRECT ANSWER The taxes on the income will be deferred until a later date. During a recession, people an...

1) At its most basic level, the function of financial intermediaries is to ________. A) track and report interest rates B) move money from lenders to borrowers and back again C) report all financial transactions to the federal government D) effect a transfer of wealth in society - CORRECT ANS...

Insurance helps you transfer the _________ from your bank account to the insurance company. - CORRECT ANSWER risk It's wise to have _______ because even if you're a great driver, there are plenty of people who aren't. - CORRECT ANSWER liability insurance This type of home insuranc...

Hannah has a credit card with an APR of 11.90% and a billing cycle of 30 days. The following table shows Hannah's transactions in the month of April. - CORRECT ANSWER $3.30 Roger has a credit card with an APR of 19.40% and a billing cycle of 30 days. The following table shows his transacti...