Practice Test Answers

Of the four consumer protection groups listed, identify which groups are government agencies and which are non-governmental. I. Better Business Bureau II. Consumer Product Safety Commission III. Consumers Union IV. Food and Drug Administration

A credit score tells a lender how

Which living expense needs to be included in the budget of someone renting an apartment?

One advantage to buying a CD is that it

Which is an example of a strong password?

Which of these is used by a seller to deceive a buyer?

Kaleb wants to get a payday loan in the amount of 375 dollars He knows that the annual percentage rates (APR) for these types of loans are high, but he is hoping to find one that has an APR of 40 percent If Kaleb finds a business that charges a fee of 37 dollars for the loan, what would the term of the loan need to be in order for Kaleb to get his desired APR?

Which is an example of a financial change that would require budgetary consideration?

Most investors approach risky investments by

Enzel goes online to buy a graphing calculator. He finds a site that currently has a promotion of 15 percent off on all orders over 50 dollars Enzel decides to buy his graphing calculator, with a price tag of 83 dollars , at this site because he knows that he will get the 15 percent discount when he checks out. Enzel pays 4 point 5 percent sales tax on the discounted price and pays a shipping fee of 6 point 3 5 dollars What is the total of Enzel’s online purchase?

Which best describes the purpose of recording past income and spending in a budget?

Which is an example of protected personal information?

What term is used to describe an individual's money and personal property?

What is one way employers get employees to participate in a 401k?

Bankruptcy is considered a last resort because it stays on someone’s record for

Which services would a charitable organization provide? Choose three correct answers.

A consumer charges a 46 point 9 2 dollars purchase on a credit card. The card has a daily interest rate of 0 point 0 3 9 percent If the consumer pays off the balance at the end of 30 days, how much in interest will be paid for the purchase?

Identify the percent increase in total sales and the percent increase in sales of jackets. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)