Exam 12: The Importance of Making Sound Economic Decisions

Monetary dissatisfaction is often higher for families earning $50,000 a year than for families earning $25,000.

All of the following tactics can be used to combat inflation EXCEPT:

What is the relationship between inflation and recession?

Cox and Demmitt suggest that the best time to begin an investment plan is:

Saving is really:

Cox and Demmitt believe that economic stability and security enable families to focus their attention on:

The key to making a budget work for you is to review your figures every:

Long-term disability is synonymous with:

A salesperson who says that you must buy a sale item today because the price is going up tomorrow is practicing:

Vance Packard attributes the irrational and impulsive buying of family food to:

Student debt has risen for all types of colleges, but the highest levels of debt belong to those who attend:

A borrower who only pays interest on the unpaid balance of a loan is paying:

Simple interest is charged for:

As futurists are predicting that most Americans will have several jobs over their lifetime, what would you advise a student to do to prepare for their work life?

When John responded to a newspaper ad for a $350 washing machine, the salesperson indicated that they had sold out and proceeded to guide him to a much more expensive machine. This is an example of:

What percentage of credit card holders neglect to pay their balance every month?

An example of a discretionary expenditure is:

The low ball technique is often used in:

Which of the following has allowed Americans a higher standard of living?

____ insurance is the best buy for a young family with two children who need insurance protection against the death of the father.