Question 1

The only way to save money is to put it into a savings account.

Accepted Answer

A) True 
 B)False

Question 2

Inflation tends to favor the borrower.

Accepted Answer

A) True 
 B)False

Question 3

Real-property loans have lower interest rates because:

Accepted Answer

A)  borrowers have better credit ratings. 
B)  they are guaranteed by the government. 
C)  there is more competition among lenders. 
D)  property retains value. 
A)  borrowers have better credit ratings. 
B)  they are guaranteed by the government. 
C)  there is more competition among lenders. 
D)  property retains value.

Question 4

A more important measure of the economy than the inflation rate is:

Accepted Answer

A)  the stock market index. 
B)  real per capita income. 
C)  the cost of living adjustment. 
D)  discount interest rates. 
A)  the stock market index. 
B)  real per capita income. 
C)  the cost of living adjustment. 
D)  discount interest rates.

Question 5

If the money spent on home ownership were saved and invested wisely, it would probably make more money than it would accrue through appreciation of a home.

Accepted Answer

A) True 
 B)False

Question 6

The first step in the budgeting process is to allot money for:

Accepted Answer

A)  savings. 
B)  necessities. 
C)  education. 
D)  retirement. 
A)  savings. 
B)  necessities. 
C)  education. 
D)  retirement.

Question 7

One's sense of identity is based largely on what is done in the workplace.

Accepted Answer

A) True 
 B)False

Question 8

The nation with the highest gross national income per person is:

Accepted Answer

A)  Norway. 
B)  the United States. 
C)  Sweden. 
D)  Saudi Arabia. 
A)  Norway. 
B)  the United States. 
C)  Sweden. 
D)  Saudi Arabia.

Question 9

Pooling money is more highly favored by married couples than cohabiting couples, probably because married couples feel more:

Accepted Answer

A)  permanent. 
B)  in debt. 
C)  intimate. 
D)  generous. 
A)  permanent. 
B)  in debt. 
C)  intimate. 
D)  generous.

Question 10

Once the decision is made to buy a home, the first consideration is affordability.

Accepted Answer

A) True 
 B)False

Question 11

According to the text, why is advertising immoral?

Accepted Answer

A)  Advertising is false-the products do not do what they advertise. 
B)  They force companies to spend money that could pay employees. 
C)  They create problems to create need. 
D)  It manipulates consumers into buying regardless of consequences. 
A)  Advertising is false-the products do not do what they advertise. 
B)  They force companies to spend money that could pay employees. 
C)  They create problems to create need. 
D)  It manipulates consumers into buying regardless of consequences.

Question 12

When Sabrina went to trade in her old car as a down payment on a new one, the salesperson offered her a lot of money for her vehicle. When she was ready to agree to the trade-in terms, the manager informed her that he could let her have the new car, but he could not give her as much for her trade-in as the salesperson had promised. This is an example of:

Accepted Answer

A)  high balling. 
B)  bait and switch. 
C)  low balling. 
D)  the hard sell. 
A)  high balling. 
B)  bait and switch. 
C)  low balling. 
D)  the hard sell.

Question 13

Which of the following groups in the United States has the highest median income for married couples?

Accepted Answer

A)  whites 
B)  blacks 
C)  Hispanics 
D)  Asians 
A)  whites 
B)  blacks 
C)  Hispanics 
D)  Asians

Question 14

Tom has bad credit and would like to fix it. He sees an advertisement from a company that can fix his credit problems. He calls and pays them a large fee to erase his credit history. The company cannot erase his history. Tom has been taken by a ___________ scam.

Accepted Answer

A)  telemarketing 
B)  hard sell 
C)  credit repair 
D)  magazine 
A)  telemarketing 
B)  hard sell 
C)  credit repair 
D)  magazine

Question 15

In recent years, the government has removed the incentive to save by eliminating several savings plan options.

Accepted Answer

A) True 
 B)False

Question 16

Economic contentment is closely related to one's economic level.

Accepted Answer

A) True 
 B)False

Question 17

Mortgage is based on simple interest.

Accepted Answer

A) True 
 B)False

Question 18

Investment debt is:

Accepted Answer

A)  worse than consumer debt. 
B)  low-priced money. 
C)  fueled by automobile sales. 
D)  common among young couples. 
A)  worse than consumer debt. 
B)  low-priced money. 
C)  fueled by automobile sales. 
D)  common among young couples.

Question 19

A can of Campbell's vegetable soup cost 10 cents in 1933 and costs $1.19 today. The price of the soup from both 1933 and today is called the:

Accepted Answer

A)  real value. 
B)  nominal cost. 
C)  fixed price. 
D)  inflationary price. 
A)  real value. 
B)  nominal cost. 
C)  fixed price. 
D)  inflationary price.

Question 20

Consumer debt is:

Accepted Answer

A)  high-priced money. 
B)  beginning to decline. 
C)  associated with freedom and independence. 
D)  the best way to measure a country's wealth. 
A)  high-priced money. 
B)  beginning to decline. 
C)  associated with freedom and independence. 
D)  the best way to measure a country's wealth.

The only way to save money is to put it into a savings account.

Inflation tends to favor the borrower.

Real-property loans have lower interest rates because:

A more important measure of the economy than the inflation rate is:

If the money spent on home ownership were saved and invested wisely, it would probably make more money than it would accrue through appreciation of a home.

The first step in the budgeting process is to allot money for:

One's sense of identity is based largely on what is done in the workplace.

The nation with the highest gross national income per person is:

Pooling money is more highly favored by married couples than cohabiting couples, probably because married couples feel more:

Once the decision is made to buy a home, the first consideration is affordability.

According to the text, why is advertising immoral?

Which of the following groups in the United States has the highest median income for married couples?

Tom has bad credit and would like to fix it. He sees an advertisement from a company that can fix his credit problems. He calls and pays them a large fee to erase his credit history. The company cannot erase his history. Tom has been taken by a ___________ scam.

In recent years, the government has removed the incentive to save by eliminating several savings plan options.

Economic contentment is closely related to one's economic level.

Mortgage is based on simple interest.

Investment debt is:

A can of Campbell's vegetable soup cost 10 cents in 1933 and costs $1.19 today. The price of the soup from both 1933 and today is called the:

Consumer debt is:

Human Intimacy in the Brave New World of Family Diversity

Human Intimacy, Relationships, Marriage, and the Family

American Ways of Love

Gender Convergence and Role Equity

Communication in Intimate Relationships

Dating, Single Life, and Mate Selection

Marriage, Intimacy, Expectations, and the Fully Functioning Person

Human Sexuality

Family Planning, Pregnancy and Birth

The Challenge of Parenthood

Family Life Stages: Middle-Age to Surviving Spouse

The Dual-Worker Family: the Real American Revolution

Family Crises

The Dissolution of Marriage

Remarriage: a Growing Way of American Life

Actively Seeking Marital Growth and Fulfillment

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Exam 12: The Importance of Making Sound Economic Decisions

The only way to save money is to put it into a savings account.

Inflation tends to favor the borrower.

Real-property loans have lower interest rates because:

A more important measure of the economy than the inflation rate is:

If the money spent on home ownership were saved and invested wisely, it would probably make more money than it would accrue through appreciation of a home.

The first step in the budgeting process is to allot money for:

One's sense of identity is based largely on what is done in the workplace.

The nation with the highest gross national income per person is:

Pooling money is more highly favored by married couples than cohabiting couples, probably because married couples feel more:

Once the decision is made to buy a home, the first consideration is affordability.

According to the text, why is advertising immoral?

Which of the following groups in the United States has the highest median income for married couples?

Tom has bad credit and would like to fix it. He sees an advertisement from a company that can fix his credit problems. He calls and pays them a large fee to erase his credit history. The company cannot erase his history. Tom has been taken by a ___________ scam.

In recent years, the government has removed the incentive to save by eliminating several savings plan options.

Economic contentment is closely related to one's economic level.

Mortgage is based on simple interest.

Investment debt is:

A can of Campbell's vegetable soup cost 10 cents in 1933 and costs $1.19 today. The price of the soup from both 1933 and today is called the:

Consumer debt is:

Human Intimacy in the Brave New World of Family Diversity

Human Intimacy, Relationships, Marriage, and the Family

American Ways of Love

Gender Convergence and Role Equity

Communication in Intimate Relationships

Dating, Single Life, and Mate Selection

Marriage, Intimacy, Expectations, and the Fully Functioning Person

Human Sexuality

Family Planning, Pregnancy and Birth

The Challenge of Parenthood

Family Life Stages: Middle-Age to Surviving Spouse

The Dual-Worker Family: the Real American Revolution

Family Crises

The Dissolution of Marriage

Remarriage: a Growing Way of American Life

Actively Seeking Marital Growth and Fulfillment

Filters