Interest Rates Pre

Interest Rates Pre

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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5 questions

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1.

FLASHCARD QUESTION

Front

Which group plays a pivotal role in setting interest rates in the U.S.?

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Back

The Federal Reserve

2.

FLASHCARD QUESTION

Front

Interest rate changes can affect all of the following, except for the: cost of home mortgages, cost of credit card debt, earnings from savings accounts, salary you are paid at your job

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Back

salary you are paid at your job

3.

FLASHCARD QUESTION

Front

What is a benefit of the Federal Reserve setting high interest rates?

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Back

It increases the interest you earn on savings.

4.

FLASHCARD QUESTION

Front

True or False? You'll get lower interest rates on private student loans compared to Federal student loans.

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Back

False

5.

FLASHCARD QUESTION

Front

Why do experts often recommend buying certified pre-owned cars instead of new cars?

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Back

The interest fees over time are generally lower.

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