Financial literacy exam - Study guides, Class notes & Summaries

Economics is the study of how individuals and societies satisfy their unlimited wants with limited resources. a. True b. False - correct answer a. True When rising interest rates make borrowing more costly, how does it affect the business cycle? a. It causes consumers to consume more and increases demand. b. It lowers demand, decreases household purchases, and promotes contraction. c. It causes conflicts overseas and reduces a nation's ability to import goods. d. It increases produ...

CPXP Exam Study Guide | 226 Questions with 100% Correct Answers | Verified | Updated 2023 How did the report of quality measures to CMS begin? Hospitals could voluntarily report quality measures starting in 2001- adapting to current state from there What is HCAHPS Hospital Consumer Assessment of Healthcare Providers and System What are some metrics for outcome of care? mortality, readmission, complications, hospital associated infections Describe "Pay for performance" prov...

CPXP Exam Study Guide 2024/2025 ACTUAL Questions with Answers GRADED A+ PASS 1. How did the report of quality measures to CMS begin? Hospitals could voluntarily report quality measures starting in 2001- adapting to current state from there 2. What is HCAHPS Hospital Consumer Assessment of Healthcare Providers and System 3. What are some metrics for outcome of care? mortality, readmission, complications, hospital associated infections 4. Describe "Pay for performance" provide fina...

Which of the following does the Federal Reserve use to regulate the nation's money supply? C: Monetary policy - ANSWER The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. In theory, if there is too little money in circulation, consumers will spend less, interest rates will be high, and unemployment will rise. In this situation, the Fed can deliberately i...

Property TaxPaid usually once a year as long as I own it; not taken from paycheck. Is for car, house, land, boat, etc. Payroll TaxTax on wages and salaries to finance Social Security and Medicare costs. Sales TaxTax on a sale of goods or services, paid at that time. Income TaxMoney that wage earners pay the government to run the country. The amount of the tax depends upon how much I earn. TaxMoney paid to the government in exchange for services, like roads, bridges, and police protecti...

Financial Literacy Exam Questions And Correct Answers

The next best choice you could have made, but did not make. - Opportunity Cost Some opportunity costs for the Robinsons. - Having less time to relax, less time to go out to dinner, and less money to spend. Physical, intellectual, and creative talents of people. - Human resources Gifts of nature. Includes, water, forests, natural gas, oil, and climate. - Natural resources Goods that are used to produce other goods and services. Includes, tools, factories, equipment, and office buildings. - ...

Financial Literacy Exam Questions With Complete Solutions Already Passed

Wise Financial Literacy Exam Questions With Accurate Answers. In order to get spending under control, a person should first - answercreate a budget of current income and expenses. Comparison shopping for a car is necessary because - answerthe price for the car can vary a great deal. Financial planners generally stress the importance of starting to save and invest early because - answerof the power of compounding and appreciation. An important feature of a good financial goal is that the ...

ECONOMICS AND FINANCIAL LITERACY EXAM Q &A