Bankruptcy

Question 1

Which of the following are items available to a consumer when researching, purchasing, and completing the sale of a good?Consumer reportsPublic product reviewsPrivate product reviewsSpecifications of the productSales data

Revolt · Accepted Answer

A: Consumer reports; B: Public product reviews; D: Specifications of the product

Question 2

Kristofer is shopping for a new laptop and will receive a 20% discount if they sign up for the store credit card with a daily interest rate of only 0.035%. The laptop costs $699 plus 6% sales tax. They do not read the fine print on the credit card application and pay the full balance 30 days later. Kristofer is charged interest plus a $30 late fee. How much did their laptop really cost?

Revolt · Accepted Answer

C: $628.98

Question 3

Cathy purchased six apples at $0.65 cents each including tax. They were charged $4.26 total for the apples and did not think twice about it. The next day, they checked their bank statement and it seemed incorrect. How much did they overpay for the apples?

Revolt · Accepted Answer

C: $0.36

Question 4

Which of the following is NOT a predatory lender tactic?

Revolt · Accepted Answer

C: large initial loan payments

Bankruptcy Answers

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