ECONOMICS FINAL EXAM STUDY GAME

Front

Car repairs are a: Fixed expense, Variable expense, Discretionary expense, Intermittent expense

Back

Intermittent expense

Front

Using the sinking fund approach, how much do you have to save each month to buy a $4,800 car one year from now?

Back

$400

Front

Groceries are a: Fixed expense, Variable expense, Discretionary expense, Intermittent expense

Back

Variable expense

Front

Which of the following is not a recommended step in the Drive Free method of purchasing a car?
Options:
Plan your purchase in advance using the sinking fund method of saving.
Place your savings in a mutual fund so that your money can make more money.
Start with an inexpensive car and gradually move up in car value as your savings increases.
Explore new car dealerships for the best interest rate.

Back

Explore new car dealerships for the best interest rate.

Front

Which of the following is the most cost-effective option for purchasing a home? Options: Get a 15-year mortgage with a 5% down payment. Get a 30-year mortgage so that you can get the lowest possible payments. The most ideal way to buy a house is with 100% down; if that is not an option, you should get no more than a 15-year, fixed rate mortgage with a down payment of at least 10%. Get a 30-year mortgage with a 20% down payment.

Back

The most ideal way to buy a house is with 100% down; if that is not an option, you should get no more than a 15-year, fixed rate mortgage with a down payment of at least 10%.

Front

Which of the following statements about college financial aid is false?
Options:
Many businesses have scholarships for employeesʹ children.
Grants are free money.
The Free Application for Federal Student Aid (FAFSA) is the first step to receiving any kind of financial aid.
Scholarships are only for the highest academic achievers.

Back

Scholarships are only for the highest academic achievers.

Front

A wise college plan does not include: Finding the most expensive, prestigious college so that you can impress future employers

Back

Finding the most expensive, prestigious college so that you can impress future employers

Front

Which of the following is not a common marketing strategy? Providing financing options, Repetition, Personal selling

Back

Making the customer do product research

Front

Which of the following is typically not a good place to find a deal? Online auctions, Consignment shops, Individuals, Mall

Back

Mall

Front

Long-term investments, properly diversified, include the following mutual funds: Growth, growth and income, international, aggressive growth

Back

Growth, growth and income, international, aggressive growth