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1A shopper benefits from reading Consumer Reports because the organization

A. is known for its coupons that will save money.

B. tests and reviews products to help consumers make informed decisions.
C. frequently offers contests to win gift cards.

D. features advertisements on new products.


2Unions have been in decline since the 1960s because of

A. foreign competition.

B. Americans finding union jobs to be too difficult.

C. the move of businesses to more expensive areas of the nation.

D. unions shutting themselves down because they achieved most of their original goals.

3What government program provides hospital and medical care benefits to people age 65 or older?

A. Medicare

B. Mediage

C. Medicaid

D. Senior Citizen's Major Medical



4. When a bank evaluates a person for a loan, what does the word "capacity" refer to?

A. The willingness to repay debts

B. Property that can be pledged to protect the lender
C. The ability to make payments on time

D. The amount of the loan in question


5Which federal agency insures savings deposits?

A. The Savings Deposit Agency

B. The Consumer Product Safety Commission

C. The Securities and Exchange Commission

D. The Federal Deposit Insurance Corporation


6It's advisable to start saving and investing as early as possible in order to

A. take advantage of low interest rates.

B. allow for more spending later.

C. avoid paying taxes.

D. take advantage of compound interest.

7Which of the following shopping habits is best avoided?

A. Impulse buying

B. Saving for purchases
C. Reading labels

D. Unit pricing


8 Why is the finance charge important to consider when shopping for credit?

A. The finance charge relates to how long you'll be paying the debt back.
B. The finance charge is the total you'll have to pay for credit.

C. The finance charge isn't available to all borrowers.

D. The finance charge determines your credit worthiness.


9The purpose of insurance is to

A. protect against financial loss.

B. avoid vehicle accidents.

C. provide extra costs to employers.

D. guarantee against medical problems.


10 A high-skill job has a lower supply of potential workers than a low-skill job because

A. only a small number of people will have the skills or talent for a high-skill job.
B. high-skill jobs tend to be stressful.

C. high-skill jobs don't pay enough.

D. low-skill jobs tend to pay much more.


11. Which of the following would be a reason why people save and invest?

A. To buy day to day items

B. To prepare for retirement

C. To hide their money from the government

D. To appear to be less well off than they really are

12In general, the best possible way to pay for something is with

A. an installment plan.

B. a credit card.

C. a charge card.

D. cash.


13. Why are professional associations interested in keeping professional standards high?

A. Professional associations get paid based on customer reviews.

B. A few dishonest professionals can hurt the entire profession.

C. They can charge more for higher standards.

D. Professional associations are forced by law to keep standards high.

14. What's the cost of consumer credit?

A. Interest

B. Buying something you can't afford right now
C. Inflation

D. Investment


15. One disadvantage of advertising is that it

A. encourages impulse buying.
B. provides entertainment.

C. saves time.

D. stimulates competition.


16. Comparing products according to price per ounce is an example of what shopping strategy?

A. Ounce pricing

B. Superior shopping

C. Unit pricing

D. Price to earnings ratio


17. Which of the following ways of investing/saving is the most liquid?

A. Savings account

B. Real estate

C. Federal bond

D. Certificate of deposit

18. Which choice best describes labor laws passed during the New Deal?

A. Anti-union

B. Neutral towards unions

C. Union friendly

D. No labor laws were passed during that time period

19. Wise money management

A. results in an increase in your allowance or wages.

B. makes saving unnecessary.

C. reduces the need for bank accounts.

D. helps you make the most of the money you have.

20. How does consumer demand affect the economy?

A. Consumers only buy normal goods.

B. Consumers earn most of the income.

C. Consumers help determine what goods and services will be produced through their purchasing decisions.
D. Consumers are polled by companies as to what products should be produced.


Respuesta :

1. The answer is “B. tests and reviews products to help consumers make informed decisions.”

Product testing tries to guarantee that buyers can comprehend what items will improve the situation them and which items are the best esteem. Item testing is a methodology to build buyer insurance by checking the cases made amid showcasing procedures, for example, publicizing, which by their tendency are in light of a legitimate concern for the element conveying the administration and not really in light of a legitimate concern for the shopper. The coming of item testing was the start of the cutting edge buyer development. Approaching thorough, target item testing outcomes is the essential apparatus which buyers can use to settle on an educated choice among item decisions.

2. The answer is “A. foreign competition.”

Since the 1960s, organized labor in the United States has been consistently decreasing. 50 years prior, 30 percent of American laborers were individuals in an association. By a year ago, that had wilted to 11.8 percent. Financial analysts have presented a wide range of hypotheses for the drop, from the contracting producing workforce to outside rivalry that has made U.S. organizations more threatening toward associations.

3. The answer is “A. Medicare”.

Medicare is medical coverage for individuals 65 or more seasoned, individuals under 65 with specific incapacities, and individuals of all ages with End-Stage Renal Disease (ESRD) (changeless kidney disappointment requiring dialysis or a kidney transplant). When you initially enlist in Medicare, you'll have Original Medicare, except if you settle on another decision. There are diverse ways you can get Medicare scope, including a Medicare Advantage Plan (like HMO or PPO). In a few kinds of plans that don't offer medication scope, you might have the capacity to join a Medicare Prescription Drug Plan.

4. The answer is “A. The willingness to repay debts”.

Capacity is a creditor's assessment of a man's eagerness and capacity to pay debts as judged by character. Capacity measures a borrower's capacity to reimburse a credit by looking at salary against repeating obligations and evaluating the borrower's obligation to-wage (DTI) proportion. Notwithstanding inspecting salary, moneylenders take a gander at the period of time a candidate has been at his activity and occupation dependability.

5. The answer is “D. The Federal Deposit Insurance Corporation”.

The Federal Deposit Insurance Corporation (FDIC) is a free organization of the United States government that ensures the assets contributors put in banks and investment funds affiliations. FDIC protection is sponsored by the full confidence and credit of the United States government. Since the FDIC was built up in 1933, no investor has lost a penny of FDIC-guaranteed reserves. FDIC protection does not cover other money related items and administrations that banks may offer, for example, stocks, securities, shared assets, life coverage approaches, annuities or securities.

6. The answer is “B. allow for more spending later.”

It is fundamental to begin sparing and contributing as ahead of schedule as workable for your retirement. The best opportunity for somebody to do this is the point at which they complete their instruction and begin an all-day work. The adjustment in wage is normally expansive as of now and it is conceivable to spare a decent level of salary while as yet redesigning their understudy way of life. Numerous new school graduates have advances, yet they can pay these off gradually while sparing and contributing for retirement in the meantime.

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