Personal Finance and Goods and Services

Question 1

Which group essentially controls the rate of inflation in America

Accepted Answer

The Federal Reserve

Question 2

Sometimes businesses will sell items at a loss, just to get a consumer into a store

Accepted Answer

True

Question 3

If you make a withdrawal, then what have you done?

Accepted Answer

Removed money from an account

Question 4

Which of the following is paying now for an item?

Accepted Answer

Debit Card

Question 5

Manufacturing in the US was changed forever with the invention of what?

Accepted Answer

Assembly Line

Question 6

Which method of payment required a PIN?

Accepted Answer

Debit Card

Question 7

A mortgage is a type of what?

Accepted Answer

Installment Plan

Question 8

In Florida, which of these is required by law?

Accepted Answer

Auto insurance

Question 9

Which of the following is non-profit?

Accepted Answer

Credit Union

Question 10

What does your credit score measure?

Accepted Answer

The likelihood you can pay back a loan

Question 11

Someone who is owed money is called a what?

Accepted Answer

Creditor

Question 12

If you don't have enough money in your account to cover a check, then what happens?

Accepted Answer

The check bounces

Question 13

Using pathos in advertising is trying to use what method to persuade people?

Accepted Answer

Stirring up emotion

Question 14

Currency must be durable and easy to carry

Accepted Answer

True

Question 15

The goal of a business is to what?

Accepted Answer

Make Money

Question 16

Spreading risk over a group of people is called what?

Accepted Answer

Insurance

Question 17

You can earn various rewards from credit card companies if you pay off your bill on time.

Accepted Answer

True

Question 18

What is the most expensive method to ship a good?

Accepted Answer

Air

Question 19

Bankruptcy means that you don't have any money

Accepted Answer

False

Question 20

What should savings accounts be used primarily for?

Accepted Answer

Emergency Fund

Question 21

Banks make money by what?

Accepted Answer

Charging interest for loans

Question 22

An item that is manufactured is called a what?

Accepted Answer

Good

Question 23

What does GDP stand for?

Accepted Answer

Gross Domestic Product

Question 24

What is diversification?

Accepted Answer

Investing in various areas

Question 25

Generics are always a better value than brands

Accepted Answer

False

Question 26

Most goods in the US are shipped via what method?

Accepted Answer

Trucks

Question 27

A written order from a bank is called a what?

Accepted Answer

Check

Question 28

More Americans provide services than produce goods

Accepted Answer

True

Question 29

To get a loan from a bank, you are often required to pay a percentage up front called a what?

Accepted Answer

Down Payment

Question 30

Putting your item on a tab essentially is a version of what?

Accepted Answer

Charge Account

Question 31

In America, businesses are required to accept cash for their services, as cash is legal tender.

Accepted Answer

False

Question 32

Oil and natural gas are mostly transported via what method?

Accepted Answer

Pipelines

Question 33

What are the two categories of methods of payment?

Accepted Answer

Now and Later

Personal Finance and Goods and Services

Questions 33

Personal Finance and Goods and Services

Questions 33