FLHD 2400 Final Questions and Correct Answers

In regards to finance, which couple is most likely to be happy? A. The couple who uses their credit cards to have a great weekend getaway. B. The couple who keeps separate accounts, so they don't have to be accountable to each other about their purchases. C. The couple who buys a brand new car that they've wanted even if it stretches their budget a bit. D. The couple who focuses on paying down their debts rather than buying new toys. Ans D. The couple who focuses on paying down their debts rather than buying new toys. You're trying to improve your credit score, which of the following would be a bad idea? A. Get as many credit cards as you can B. Keep a low balance on your credit cards or even zero C. Ask to increase your credit limit D. Challenge mistakes on your credit report E. These are all good things to do to improve your credit score Ans A. Get as many credit cards as you can These sorts of debts brought into the marriage, were particularly hard on the marriage. (choose more than one) A. Credit card B. Medical C. Car loans D. School loans Ans A. credit card, C. car loans As discussed in class, why do full-time working women make less than full-time working men? A. Women are less likely to ask for a raise or promotion B. Women tend to choose occupations that pay less C. Women tend to work fewer hours than men D. B & C E. All of the above are reasons Ans E. All of the above are reasons Statistically full-time working women make less than full-time working men. How is this statistic calculated? A. By using the gross national product to diving the number of men working full-time and women working full-time B. Its a comparison of the earnings of all full-time working women with all full-time working men