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Economics FoolProof Module 1 & 2 questions and answers(100- accuracy, already graded A+).
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Economics FoolProof Module 1 & 2 questions and answers(100- accuracy, already graded A+).
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Economics FoolProof Module 1& 2 questions and
answers(100% accuracy,
already graded A+)
T/F: Most online financial institutions & businesses will regularly send you
emails asking you to update your account information by going to a link in
their email. - answer False
If you mismanage your checking account by bouncing checks repeatedly or
ignoring overdraft notices, which of the following results may happen to
you? - answer All of the above
Which answer applies to "fine print"? - answer - Fine print is usually
where virtually all the important information is located.
- You should always read the fine print.
- The fine print is always the print you want to ignore.
- Many companies like fine print because you can be confused by it, &
make the wrong decision.
You owe $1,000 on a credit card & choose to pay the minimum payment
each month. Which answer is correct? - answer - Credit card companies
love you when you only make minimum payments. Why? You're throwing
your money away by paying extra interest each month.
- Making minimum payments means it could take thirty or forty years to
pay off that $1,000 credit card bill.
Having a bad credit history impacts every one of these items but one.
Which is the one item not impacted by bad credit history? - answer The
fact that I am a good person.
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