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Module 8 Review

QuestionAnswer
What is MOST often the result of additional education and training? Higher income
____________ are protected by the Better Business Bureau, the Federal Trade Commission, and the North Carolina Attorney General. Consumers
Which part of an individual’s budget helps them by protecting them against unexpected expenses, helps them to prepare for the future, and allows them to prepare for large purchases? Savings
How can you use your credit wisely and build a good credit score? By making your credit card payments on time
Which federal agency monitors the stock market and the stock brokers who buy and sell stock? The Securities and Exchange Commission
Mayra noticed an usual withdrawal on her bank statement. She then discovered that her Social Security and bank account information had been stolen and used to open new credit card accounts. Mayra was the victim of which type of crime? Identity Theft
If your credit or debit card is lost or stolen, you should immediately report it to the Bank or credit card company that issued the card
Which of the following is a measure that tells lenders like banks how likely you are to repay a loan? Credit Score
Which of the following is an example of a fixed expense? Mortgage/Rent
What is one advantage of paying for purchases with a credit card instead of a debit card or other cash payment? The ability to pay for purchases over time
_________________ are scams that usually attract investors with promises of high returns and little risk Ponzi schemes
In which situation would the Better Business Bureau help a consumer? 
 When a business has cheated a customer
Which purchase would most likely require the use of a loan? A house
Which investment tool offers low interest rates but allows you to begin saving with a low minimum deposit? Basic Savings Account
The Federal Deposit Insurance Corporation (FDIC) protects consumers by Insuring commercial bank deposits
Created by: Rhiana311
Popular American Government sets

 

 



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