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Primavera Economics Unit 1 Exam 2024 Questions with Solutions
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Primavera Economics Unit 1 Exam 2024
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Primavera Economics Unit 1 Exam 2024Read the scenario. Ronnie is 21 and has three credit cards, each of which has a
balance. His debt-to-credit ratio is 80 percent, and he has applied for his first car loan.
Why will his interest rate be higher than what is typical? - answer His interest rate will be
higher due to having several credit cards and a high debit-to-credit ratio.
Why is most insider trading against the law? - answer It helps insiders benefit from
information that no one else can access.
Read the scenario. Miguel knows he wants to join the military. What should Miguel do
before enlisting to help with employment after his service? (Select all that apply.) -
answer He should speak with the recruiter about the specific opportunities and jobs that
he will be able to pursue., He should investigate training opportunities available while in
the service and tuition assistance available afterwards.
Read the scenario. Joanne just changed jobs and has the option of receiving a paper
check or using direct deposit. She has an account with a credit union 10 miles from her
home and is a very busy person with little free time. Which is the most appropriate for
Joanne? - answerShe should have her pay direct deposited so that she does not have
to drive to the credit union every week.
Read the scenario. June has $8,000 in an online savings account at six percent interest.
She needs to reach $10,000 to pay off her credit cards. How long does June have to
save to reach her goal? - answerFive years.
Read the sentence. You own a greeting card startup business with a limited advertising
budget. Which form of advertising offers the greatest benefit at the lowest cost? -
answerOnline, because it reaches the widest consumer base and is cost-effective.
Read the sentence. Julian has an ATM card with his local bank and travels out of state.
Which features can he use out of state? (Select all that apply.) - answerPartial (0.67)
Check his balance, Withdraw some cash.
Read the scenario. Jorge lives in a country that uses a progressive tax system in which
his taxable income is taxed at a specific percentage. In 2016, Jorge made $90,000 and
was taxed at 25 percent. He is due for a $5,000 raise in 2017. At that time, his tax
bracket will change to 30 percent. Which is true regarding Jorge's financial situation
after his raise? - answerAfter the raise, Jorge will take home $1,000 less per year.
Which items can a person use to ensure the return of funds to a payday loan company?
(Select all that apply.) - answerPersonal check, ACH authorization.
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