Question 1

A borrower with a discount interest loan pays:

Accepted Answer

A)  interest on the full amount of the loan for the entire time period. 
B)  interest on the unpaid balance of the loan. 
C)  a large balloon payment at the beginning of the repayment period. 
D)  no interest. 
A)  interest on the full amount of the loan for the entire time period. 
B)  interest on the unpaid balance of the loan. 
C)  a large balloon payment at the beginning of the repayment period. 
D)  no interest.

Question 2

Which of the following is an example of a company creating a "need" for their product?

Accepted Answer

A)  Charmin maintaining the same production in toilet paper 
B)  Ford creating a new vehicle that allows you to open the tailgate with your foot 
C)  Whirlpool offering a sale 
D)  McDonalds selling Coke Zero 
A)  Charmin maintaining the same production in toilet paper 
B)  Ford creating a new vehicle that allows you to open the tailgate with your foot 
C)  Whirlpool offering a sale 
D)  McDonalds selling Coke Zero

Question 3

Wise spending is associated with all of the following practices EXCEPT:

Accepted Answer

A)  buying used instead of new items. 
B)  studying seasonal price fluctuations. 
C)  selecting off-brand labels. 
D)  purchasing items when they're on sale. 
A)  buying used instead of new items. 
B)  studying seasonal price fluctuations. 
C)  selecting off-brand labels. 
D)  purchasing items when they're on sale.

Question 4

Unemployment, especially beyond six months, is associated with all of the following EXCEPT:

Accepted Answer

A)  strained relationships. 
B)  increased intimacy. 
C)  loss of self-respect. 
D)  depression. 
A)  strained relationships. 
B)  increased intimacy. 
C)  loss of self-respect. 
D)  depression.

Question 5

Real income is synonymous with:

Accepted Answer

A)  buying power. 
B)  deferred spending. 
C)  recession wages. 
D)  discretionary expenditures. 
A)  buying power. 
B)  deferred spending. 
C)  recession wages. 
D)  discretionary expenditures.

Question 6

If income rises at the same rate as prices, buying power also rises.

Accepted Answer

A) True 
 B)False

Question 7

Going through bankruptcy procedures seems to help people become more prudent.

Accepted Answer

A) True 
 B)False

Question 8

A dollar in 2012 is worth about ___________ compared to a dollar in 1947.

Accepted Answer

A)  48 cents 
B)  $1.08 
C)  $1.48 
D)  8 cents 
A)  48 cents 
B)  $1.08 
C)  $1.48 
D)  8 cents

Question 9

Edith saw a product on television she wanted. The commercial told her to call a number and that the offer was only good today. Edith called to purchase the product. Edith was victim to which of the following consumer traps?

Accepted Answer

A)  telemarketing 
B)  bait and switch tactics 
C)  high balling 
D)  hard sell 
A)  telemarketing 
B)  bait and switch tactics 
C)  high balling 
D)  hard sell

Question 10

Inflation simply indicates that:

Accepted Answer

A)  the stock market has crashed. 
B)  unemployment has reached double digits. 
C)  nominal prices have risen. 
D)  government bonds are worthless. 
A)  the stock market has crashed. 
B)  unemployment has reached double digits. 
C)  nominal prices have risen. 
D)  government bonds are worthless.

Question 11

Most couples who go bankrupt are:

Accepted Answer

A)  super rich. 
B)  millionaires. 
C)  upper-middle class. 
D)  lower- and middle-class. 
A)  super rich. 
B)  millionaires. 
C)  upper-middle class. 
D)  lower- and middle-class.

Question 12

Most bankruptcies are caused by:

Accepted Answer

A)  rising debt. 
B)  gambling on big investments. 
C)  divorce. 
D)  acute recessions. 
A)  rising debt. 
B)  gambling on big investments. 
C)  divorce. 
D)  acute recessions.

Question 13

Simple interest is:

Accepted Answer

A)  interest paid at the origin of the loan. 
B)  interest accumulated and added to the face amount of the loan. 
C)  interest charged only on the outstanding balance of a loan. 
D)  waiving of interest on a complex loan. 
A)  interest paid at the origin of the loan. 
B)  interest accumulated and added to the face amount of the loan. 
C)  interest charged only on the outstanding balance of a loan. 
D)  waiving of interest on a complex loan.

Question 14

Charlie and Rachel are newlyweds. They both went through a divorce previously. What is the most likely scenario of their monetary situation?

Accepted Answer

A)  All situations are unique, so theirs cannot be determined. 
B)  It is likely that Charlie and Rachel will maintain separate funds. 
C)  They will most likely have a joint account and give themselves an allowance. 
D)  Charlie will allow Rachel to make all of the decisions. 
A)  All situations are unique, so theirs cannot be determined. 
B)  It is likely that Charlie and Rachel will maintain separate funds. 
C)  They will most likely have a joint account and give themselves an allowance. 
D)  Charlie will allow Rachel to make all of the decisions.

Question 15

A slowdown in consumer spending will:

Accepted Answer

A)  eliminate the federal deficit. 
B)  have dire consequences for the economy. 
C)  make it more difficult to get credit. 
D)  increase the price of investment debt. 
A)  eliminate the federal deficit. 
B)  have dire consequences for the economy. 
C)  make it more difficult to get credit. 
D)  increase the price of investment debt.

Question 16

____ plans provide full medical coverage at certain facilities for a specified monthly fee.

Accepted Answer

A)  Group 
B)  Catastrophic illness 
C)  Prepaid foundation 
D)  Worker's compensation 
A)  Group 
B)  Catastrophic illness 
C)  Prepaid foundation 
D)  Worker's compensation

Question 17

The term used to describe a spending plan that assures what is needed and wanted is attained is:

Accepted Answer

A)  open-credit. 
B)  budget. 
C)  consumer trap. 
D)  installment buying. 
A)  open-credit. 
B)  budget. 
C)  consumer trap. 
D)  installment buying.

Question 18

John's insurance premium increases every 12 months to take into account increasing age. It would be reasonable to assume that John has:

Accepted Answer

A)  term insurance. 
B)  group insurance. 
C)  whole-life insurance. 
D)  catastrophic insurance. 
A)  term insurance. 
B)  group insurance. 
C)  whole-life insurance. 
D)  catastrophic insurance.

Question 19

Although the nominal prices of most goods have increased, some relative prices have declined. A good example of this is:

Accepted Answer

A)  groceries. 
B)  computers. 
C)  automobiles. 
D)  paper products. 
A)  groceries. 
B)  computers. 
C)  automobiles. 
D)  paper products.

Question 20

Families heading toward serious financial problems are likely to exhibit all of the following characteristics EXCEPT:

Accepted Answer

A)  lack of retirement planning. 
B)  too many liquid assets. 
C)  a strong belief that the problem will disappear. 
D)  no regular savings plan. 
A)  lack of retirement planning. 
B)  too many liquid assets. 
C)  a strong belief that the problem will disappear. 
D)  no regular savings plan.

A borrower with a discount interest loan pays:

Which of the following is an example of a company creating a "need" for their product?

Wise spending is associated with all of the following practices EXCEPT:

Unemployment, especially beyond six months, is associated with all of the following EXCEPT:

Real income is synonymous with:

If income rises at the same rate as prices, buying power also rises.

Going through bankruptcy procedures seems to help people become more prudent.

A dollar in 2012 is worth about ___________ compared to a dollar in 1947.

Edith saw a product on television she wanted. The commercial told her to call a number and that the offer was only good today. Edith called to purchase the product. Edith was victim to which of the following consumer traps?

Inflation simply indicates that:

Most couples who go bankrupt are:

Most bankruptcies are caused by:

Simple interest is:

Charlie and Rachel are newlyweds. They both went through a divorce previously. What is the most likely scenario of their monetary situation?

A slowdown in consumer spending will:

____ plans provide full medical coverage at certain facilities for a specified monthly fee.

The term used to describe a spending plan that assures what is needed and wanted is attained is:

John's insurance premium increases every 12 months to take into account increasing age. It would be reasonable to assume that John has:

Although the nominal prices of most goods have increased, some relative prices have declined. A good example of this is:

Families heading toward serious financial problems are likely to exhibit all of the following characteristics EXCEPT:

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

A borrower with a discount interest loan pays:

Which of the following is an example of a company creating a "need" for their product?

Wise spending is associated with all of the following practices EXCEPT:

Unemployment, especially beyond six months, is associated with all of the following EXCEPT:

Real income is synonymous with:

If income rises at the same rate as prices, buying power also rises.

Going through bankruptcy procedures seems to help people become more prudent.

A dollar in 2012 is worth about ___________ compared to a dollar in 1947.

Edith saw a product on television she wanted. The commercial told her to call a number and that the offer was only good today. Edith called to purchase the product. Edith was victim to which of the following consumer traps?

Inflation simply indicates that:

Most couples who go bankrupt are:

Most bankruptcies are caused by:

Simple interest is:

Charlie and Rachel are newlyweds. They both went through a divorce previously. What is the most likely scenario of their monetary situation?

A slowdown in consumer spending will:

____ plans provide full medical coverage at certain facilities for a specified monthly fee.

The term used to describe a spending plan that assures what is needed and wanted is attained is:

John's insurance premium increases every 12 months to take into account increasing age. It would be reasonable to assume that John has:

Although the nominal prices of most goods have increased, some relative prices have declined. A good example of this is:

Families heading toward serious financial problems are likely to exhibit all of the following characteristics EXCEPT:

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