Which activity is done in Step 2 of comparison shopping?

Research a product.

Assess the purchase objectively.

Compare prices and features.

Buy a product.

Sofia has saved $10,000. She wants to be sure that she is earning interest on her money and can add to her savings. She also wants to be able to access her money if the need should arise.Which type of account is most suitable for Sofia’s needs?

a money market account

a certificate of deposit

a savings bond

a checking account

At what point does buying in bulk stop being a wise spending choice?

when the consumer has a lot of space to store bulk items

when costs rise too quickly due to demand

when bulk items are not on sale anymore

when the consumer buys more than is needed

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.

buying both a car and a home

leasing both a car and home

buying a car and leasing a home

leasing a car and buying a home

What is the relationship between risk and return?

A higher risk often means a higher return.

A lower risk always means a higher return.

A higher risk often means a lower return.

A lower risk will always mean a lower return.

Investing and Financial Markets — Unit test Answers

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