Automatic teller machines (ATMs) enable customers to __________________

Withdraw a certain amount of money from their accounts

The consumer's right to "redress" means that a consumer has the right to ___________________

A refund or replacement when products don't work properly

When using the ATM machine, Melody always ___________________.

Locks her doors and leaves the area immediately (after)

A SALARIED employee earns __________________

The same amount of money each month, regardless of hours

The GRACE PERIOD on a credit card is usually the ________________

Amount of time before a finance charge is added

When evaluating an ad with a celebrity saying it's great, a consumer needs to remember ____

The celebrity was paid by the manufacturer to appear in ad

What should a consumer do FIRST when he has a "faulty" product ? (something is wrong with it)

Return the item to the store where it was purchased

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TL 10.0 Income Spending (remaining Qs) second part

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Questions 10

Answers

1
When Ian saw his first paycheck, he was surprised how much had been subtracted. That amount is
Deductions
Benefits
Exemptions
Bonus
2
A new stereo costs $ 450 & the store was paid $525 over a year for finance. What's the $75
Principal
Loan amount
Net profit
Interest
3
Automatic teller machines (ATMs) enable customers to __________________
Transfer money from another bank from their accounts
Apply for a car and housing loan
Withdraw a certain amount of money from their accounts
Close out their checking account
4
The consumer's right to "redress" means that a consumer has the right to ___________________
Know when products are being recalled
A refund or replacement when products don't work properly
Know the facts about goods and services
Speak out when he or she isn't in a good mood
5
When using the ATM machine, Melody always ___________________.
Removes her card after putting her money in her pocketbook
Takes her time so that few mistakes are made
Locks her doors and leaves the area immediately (after)
Waits until she gets off from work at 10:30 P.M.
6
A SALARIED employee earns __________________
A base salary plus $ 5 an hour for extra hours worked
A varied amount of $ each month based on completed work
More money than everyone else he or she works with
The same amount of money each month, regardless of hours
7
The GRACE PERIOD on a credit card is usually the ________________
Number of months one agrees to keep a leased car
Amount of time before a finance charge is added
# of payments that can be skipped if it's not convenient
Amount of time to pay off the total amount owed
8
If a person ONLY gets paid when they sell something their pay is based on _______
commission
their taxes
salary
their efforts
9
When evaluating an ad with a celebrity saying it's great, a consumer needs to remember ____
The celebrity paid the manufacturer to appear in the ad
The celebrity has used the product only once
The celebrity is an expert
The celebrity was paid by the manufacturer to appear in ad
10
What should a consumer do FIRST when he has a "faulty" product ? (something is wrong with it)
Call the Better Business Bureau & make a complaint
Complete the registration card & mail it immediately
Ask the store to recall the product & demand reimbursement
Return the item to the store where it was purchased

TL 10.0 Income Spending (remaining Qs) second part Flashcards | StudBud