Spending Answers

This chart shows the actual pricing history for three items.

Why might people choose to rent a home rather than buy a home?

Why do prices increase when demand for a product is high?

When companies spend millions of dollars developing logos and slogans, or use celebrity endorsements to encourage consumers to buy particular products, this is called

Read the scenario.Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.

Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply. Will I use it more than the allowed lease mileage?Will my family like the car?How long do I want the car?How much do I want to spend?How much do I like the car’s options?

Which details apply to a financing contract? Check all that apply. requires a credit checkare always less expensive than using a credit cardincludes interest rate informationrequires a signature for rent-to-own agreementscan be broken at any time

Which activity is done in Step 2 of comparison shopping?

A monthly fixed rate mortgage payment

Which option below is not a potential risk of purchasing a used car?