Personal Finance

Front

Generic products are usually more expensive than brand name products.

Back

False

Front

Comparison shopping helps consumers make informed decisions.

Back

True

Front

Disposable income is income that people spend on things they don’t really need.

Back

True

Front

Durable goods are defined as goods that last more than 10 years.

Back

True

Front

People diversify their investments by investing in several different kinds of investments.

Back

True

Front

Why do some consumers prefer generic products over brand-name products?

Back

They are less expensive

Front

According to the graph, which of the following expenses would be included in the highest consumer spending category? Options: Movie tickets, A new jacket, Gas for your car, Apartment rent

Back

Apartment rent

Front

According to the graph, how much more do Americans consumers spend on transportation than they spend on food? Options: 12%, 19%, 7%, 6%

Back

7%

Front

A financial institution that is owned and operated by members to provide savings accounts and low interest loans is a

Back

Credit union

Front

How much lower will your income be if you quit high school before graduating? Options: $5,517, $11,251, $8,433, $14,155

Back

$11,251