Lab: Magnetic and Electric Fields — Unit test Answers
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What is the purpose of a US government bond?
A
It can be used in transactions for large purchases.B
It allows an investor to place money in mutual funds.C
It provides a loan from an investor to the federal government.D
It gives everyone a chance to borrow money from the federal government.22
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Abby has the option of using her credit card, which has compound interest of 10%, for a $5,000 expense. She also sees an offer for a personal loan of $5,000, with 10% simple interest. Why might the loan be a better deal?
A
The personal loan will end up costing only $5,000 in the end, while the credit card will cost more.B
If Abby opens an additional line of credit with the personal loan, her credit score will improve.C
With simple interest, the interest will not accumulate if Abby does not pay the loan off quickly.D
Personal loans do not have payment deadlines the same way that credit cards do.23
Nicolau has just started working and wants to wait 10 years to start investing in a retirement account.Why should he consider starting right away?
A
He will have to go through a long application process.B
He will have to wait longer to withdraw the money at retirement.C
He will accumulate more money due to interest.D
He will be able to use the money for short-term goals if needed.24
Amanda is buying a present for her two-year-old niece. She picks up a toy and sees the following label.
A
an environmental impact programB
a fair-labeling requirementC
a consumer-safety lawD
an insistence on business transparency25
What is the second step in the consumer decision-making process?
A
deciding when and where to buy a productB
comparing and contrasting different productsC
evaluating whether a good choice was madeD
finding the best solution to a problem or needDid you find these answers helpful?
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