Making Spending Decisions — Cumulative exam Answers

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Government regulations on credit aim to

ensure lenders are repaid.

help borrowers pay on time.

support those borrowing credit.

educate lenders about consumers.

Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should

keep her money in a checking account for easy access.

invest in US savings bonds because of its short term.

invest in a commodity because of its low risk.

keep her money in a savings account for easy access.

The advertisement demonstrates a popular way companies try to sell a product.

It includes shipping and handling costs.

It takes into account maintenance costs.

It explains why this price is a good deal.

It makes the full cost appears lower than it is.

Which statement about tuition is the most accurate?

Four-year universities have the lowest tuition.

Community colleges tend to be more expensive.

Public colleges are cheaper for in-state residents.

Tuition is higher for public colleges than private ones.

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