Consumer Math (FPF)_Final Review Day 2

Which of the following statements is false?

• In addition to economic savings, wise consumers also enjoy improved health and have a

  positive impact on the larger social and even global environment.

• Your choices as a consumer have no impact on the larger social environment.

• Using a cost-benefit analysis approach to your buying decisions will make you a wise

  consumer.

• Being a wise consumer involves developing a variety of skills, from product research to

  careful comparative analysis.

Which of the following statements about the

stock market is false?

• The stock market is a generic term that encompasses the trading of securities.

• The terms bull market and bear market describe upward and downward market trends.

• The Dow Jones Industrial Average is one measure of the stock market.

• Formed in 1792, the New York Stock Exchange (NYSE) is the smallest organized stock

  exchange in the United States.

Store return policies must balance customer

service and profits. As a consumer, to ensure

the best possible store return process, you

should:

• Familiarize yourself with the store’s return policy prior to your purchase

• Hold on to your receipt and keep the labels and price tags on the item

• Return the item to the store as quickly as possible

• All of the above

Renter’s insurance is not necessary if you

don’t have a lot of expensive things.

• True

• False

Describes the type of coverage in an

insurance agreement

• Premium

• Policy

The recipient of assets passed on from the

death of a friend or relative

• insured

• beneficiary

A legally enforceable declaration of how a

person wishes his or her property to be

distributed after death

• will

• policy

Specific amount of money that you pay

when insurance only covers a portion of

costs

• fee

• out-of-pocket expense

The amount you pay monthly, quarterly,

semiannually or annually to purchase

different types of insurance

• co-pay

• premium

Paperwork filed with an insurance company

in order to get them to cover a loss for

someone they insure

• claim

• appraisal