Ch 19 Personal Finance T/F Review

Your goal is to have a deficit balance in your budget.

• TRUE

• FALSE

In a budget, you deduct your expenses from your income.

• TRUE

• FALSE

Banks and credit unions are sources of credit.

• TRUE

• FALSE

People can charge as much as they want on their credit cards.

• TRUE

• FALSE

The rights to be informed and to be heard are both consumer rights.

• TRUE

• FALSE

When making purchasing decisions, it is important to prioritize rights and think about opportunity cost.

• TRUE

• FALSE

Impulse buying means making good purchasing decisions.

• TRUE

• FALSE

Keeping receipts and being honest is a way consumers stay informed.

• TRUE

• FALSE

Being informed and handling problems appropriately are two consumer responsibilities.

• TRUE

• FALSE

Two consumer rights are the rights to safety and reimbursements.

• TRUE

• FALSE