Overhaulin'

help me with 25 multiple choise questions?

26. If you have to borrow/charge expenses on your credit cards each month you’re considered to be what? (1 point) “Living with your means” “Living below your means” “Living above your means” “Living at your means” 27. What type of debt charges the highest interest rate? (1 point) automobile debt lease debt secured debt unsecured debt 28. Which is NOT one of the credit reporting agencies? (1 point) Experian TransUnion Equifax TransMeridian 29. A very low credit score usually means you will get what? (1 point) declined for loans low interest rates low finance charges high available balances 30. Credit that is applied for once, and then is available until the consumer defaults or closes the account is called what type of credit? (1 point) revolving credit charge credit income credit department credit 31. What is NOT considered when calculating a credit score? (1 point) personal income payment history credit history length of credit history 32. When two sellers trade items without exchanging currency it’s called what? (1 point) negotiating bartering financing economics 33. What was the earliest form of currency called? (Hint: China around 1200 B.C.) (1 point) leather cards sea shells cowry shells wooden coins 34. The first international form of currency policy to control inflation was called the what? (1 point) World Trade Organization North American Free Trade Agreement Gold Standard European Trade Standard 35. If a computer is on sale for $1,099.10 and there is an additional 15% off at the register, what will the total cost be? (1 point) $934.24 $1,263.96 $974.88 $988.45 36. The abbreviation FICO stands for what? (1 point) Fraud-Index Corporation Fair-Index Corporation Fair-Issac Corporation Fraud-Issac Corporation 37. When someone leases a car, who owns the title to the automobile? (1 point) the automobile manufacturer the financing bank the automobile dealership the driver 38. What part of a personal budget should be the largest expense? (1 point) spending money savings housing insurance 39. When a company hires an employee, what does the company expect from the employee? (1 point) expenses productivity purchasing power income 40. The amount of products or services that someone can buy with the amount of money they have is called what? (1 point) personal purchasing power purchasing power parity consumer price index value power 41. Banks make money by charging borrowers what? (1 point) late payment fees interest rates financing charges all of the above 42. The money you pay to keep an insurance policy in effect is called a what? (1 point) deductible co-pay premium expense 43. The money you borrow from a bank or any other lender is called what? (1 point) principal investment interest equity 44. Your credit score determines whether or not you what? (1 point) are approved or denied a loan are given a high or low interest rate are approved or denied a credit card all of the above 45. The loans that individuals take out to continue their education are called what? (1 point) educational loans student loans optional loans deferred loans 46. Which of the following is NOT considered a small ticket item? (1 point) a toaster an automobile a pack of gum a cup of coffee 47. When an asset such as a home or a car decreases in value over a long period of time it’s called what? (1 point) decay depreciation appreciation neglect 48. Charge cards differ from credit cards in what ways? (1 point) they require you to pay the full balance at the end of the billing period they don’t allow you to make cash advances they don’t accept balance transfers all of the above 49. The marketing offers provided by credit card companies are called membership __________? (1 point) bonuses benefits incentives gimmicks 50. If you have $2,000.00 on a credit card and the interest rate is 21.8% per year. How much interest will you pay for one year? (Interest is compounded monthly, but to simplify your activity, just multiply it.) (1 point) $463.00 $436.00 $521.00 $400.00

Public Comments

1. You should be asking this under homework help. Also, if you open your textbook, you will probably find all of the answers.
2. you should answer "C" for all of them.
3. 26.B 27.D 28.D 29.A 30.A 31.A 32.B 33.B 34.C 35.A 36.C 37.B 38.C 39.B 40.A 41.D 42.C 43.A 44.D 45.B 46.B 47.B 48.A 49.C 50.B
4. 26. C 27. D 28. D 29. A 30. A 31. A 32. B 33. B 34. C 35. A 36. C 37. B 38. C 39. B 40. A 41. D 42. C 43. A 44. D 45. B 46. B 47. B 48. A 49. B 50. B
5. Well, you suckered two people into answering, although there's a bit of disagreement here and there. I say do your own work and stop just getting answers from other people. You're never going to get through life if you take the lazy way out all the time.
6. 26.B 27.D 28.D 29.A 30.A 31.A 32.B 33.B 34.C 35.D 36.C 37.B 38.C 39.B 40.A 41.D 42.B 43.A 44.D 45.B 46.D 47.B 48.A 49.C 50.A