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Civics Personal FInancial Literacy Flashcards | StudBud

Explore/Civics Personal FInancial Literacy

When you purchase an ice cream cone, you are a:

Consumers in most stores CANNOT make a purchase by

Civics Personal FInancial Literacy

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Questions 10

Answers

1
Consumers in most stores CANNOT make a purchase by
trading other items
cash money
credit card
writing a check
2
When you purchase an ice cream cone, you are a:
consumer
trader
producer
marketer
3
When people borrow from a bank, they pay back the amount borrowed plus ___________.
taxes
interest
savings
principal
4
How do banks use deposits?
make loans
control the money supply
sell shares of stock
distribute profits
5
The Do Not Call Registry, dietary supplement guidelines, and Equal Credit Act protect who?
foreclosures
whisle-blowers
consumers
businesses
6
Why do responsible consumers use credit or credit cards?
make minor purchases without cash
avoid mortgage insurance when buying a home
obtain highest possible amount of points on a mortgage
establish a good credit score for getting a loan
7
Why do governments need a budget?
to have money because other countries need money
to know how much it spends
to be able to print money
to be able to save natural resources
8
What factor may help determine the wage or salary of a new employee?
worker's credit history
worker's physical health
availability of workers with similar skills
length of commute to work
9
Which of the following is NOT a job benefit?
Vacation Time
Health Insurance
Sick Leave
Salary
10
Who is the best teacher that you have had at North Pitt?
Wooten
Scruggs
Carson
Morris