Consumer Economics Review

Checks over _______ months old may not be honored by the bank.

Which thing CAN be discharged when filing for bankruptcy?

What are the letters at the beginning of a stock called?

Chapter __ is “straight-bankruptcy” for individuals who cannot repay their debt.

To make money in the stock market you should buy _____ and sell _____.

In almost all cases, cars appreciate in value.

What government agency monitors the quality of food and legality of drugs in the U.S.?

When renting, a tenant does not need any renter’s insurance.

How much of your income should you spend on car related expenses?

What does NYSE stand for?

How long does a bankruptcy remain on your credit report?

Competition causes prices to go ______ and product quality to go _______.

The legal document signed between a landlord and tenant is called a lease.

How should you live and spend?

Utilities are considered what type of expense?

To _______ sell a stock means you are predicting the price will go down.

What is the most common kind of retirement account?

Damage by hail or vandalism uses_____ coverage; a car struck by another car uses_____ coverage.

If a policyholder lowers their deductible it will cause their premium to:

The actions of government spending and taxation are part of the _________ policy.

If an individual fails to pay their home loan, the loan will go into:

To buy on ___ is to borrow money to purchase stock. Must be paid back plus commission.

Price fixing and monopolies are legal.

Your monthly rent is considered what type of expense?

Smokers and those with medical problems are a __risk and will have a __life insurance premium.

What does APR stand for?

What does ARM stand for?

What is considered a good credit score?

To avoid PMI, which stands for ___ ___ ___, a home buyer should make a down payment of ____ %.

For health insurance a ______ policy is cheaper than an individual policy.

A _____ order will purchase an indicated number of shares of stock at a set price.

This refers to how quickly an asset can be turned into cash

How much of your income should be devoted to savings?

Which type of payment is considered a guaranteed form of payment?

The greatest advantage of home ownership is building __________.

What government agency monitors the stock market and practices of publicly traded companies?

If your home loan defaults, your home will go into:

A personal budget should be based on a period of time, typically

What government agency enforces economic policies that prohibit monopolies and price-fixing?

A Roth IRA provides tax-free savings for retirement and cannot be withdrawn until age _____.

What indicates the number of shares traded?

The more risk you take with your money, the greater the potential return on your money.

The legal amount written on a check is the amount written

Tax deductions like donations, mortgage, interest paid on student loans will lower your___ ___.

What government agency monitors the airline industry?

The amount paid each month by the policyholder is called the:

What is the purpose of any type of insurance?

Chapter __ is known as the "wage-earners" bankruptcy.

What are the 3 C's of credit?

What two rooms in a house are the most important in improving a home’s value?

The U.S. form of economy is one of:

People lease cars to they can drive a _____ car _______ often.

In an accident, the insured makes a claim they may still pay a portion of the loss, called the

Which thing will NOT help lower your automobile insurance:

What is something that will help your credit?

What type of credit usually has the HIGHEST APR?

What are two things that can cause a home to DEPRECIATE in value?

A ______ order purchases the indicated number of shares of stock at the market price.

Which one of the following is NOT a reason people file bankruptcy?

Which type of expense do you have more control over?

Does compound or simple interest earn more money?

HMO and PPO are two types of health insurance.

When visiting the doctor’s office many insured still have to make a___which could be $20

The supply of credit and the changing of interest rates are determined by the Federal Reserve.

Your budget should be based on your: