Civics Today Citizenship, Economics, & You

Chapter 20: Personal Finance and Economics

Self-Check Quizzes

1
A group that provides information about local businesses and warns consumers about dishonest business practices is the ____.
A)Consumer Rights Council
B)Consumer's Voice
C)Commission on Consumer Safety
D)Better Business Bureau
2
The money income that a person has left after taxes is called ___.
A)discretionary income
B)disposable income
C)ethical income
D)savings income
3
A ____ is a promise of a manufacturer or seller to repair or replace a faulty product.
A)mutual fund
B)testimonial
C)warranty
D)fair complaint
4
A budget deficit means that you ____.
A)have more income than expenses
B)failed to repay a loan
C)are making money on your investments
D)have more expenses than income
5
Property that a borrower pledges as security for a loan is called ____.
A)collateral
B)principal
C)interest
D)the annual percentage rate
6
How can you maintain good credit?
A)Use all your available credit on all accounts.
B)Charge all purchases.
C)Include late feels in your budget planning.
D)Make at least the minimum payment on all your bills on time.
7
____ is extra money that the bank gives you for saving your money at the bank.
A)Interest
B)Collateral
C)Dividend
D)Principal
8
The amount of money you deposit in a bank is called the ____.
A)interest
B)Collateral
C)dividend
D)Principal
9
One of the ways in which the U.S. government borrows money is through issuing ____.
A)bank savings accounts
B)certificates of deposit
C)money market accounts
D)savings bonds
10
____ is an unplanned purchase of a product you do not really need.
A)Comparison shopping
B)Deficit spending
C)Impulse buying
D)Unfinished claim
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