Wise Question Review (Bank,MoneyManage.,Money,Intro.Finance)

When money is not used and goods and services are exchanged for other goods and services, this system is called:

• credit

• money

• barter

• checks

A term that best describes your gross pay after taxes are deducted is:

• take-home pay

• net worth

• assets

• total revenues

Which of these is a non-profit organization that will help you settle a consumer complaint?

• NIST

• CPSC

• BBB

• FAA

________ ads try to convince you that the people who use a certain product are special, and that if you use the same product, you will be special too.

• celebrity

• Lifestyle

• Testimonial

• all answer choices

A warranty is usually offered by the product's manufacturer, not the store where you bought it. If you need the item repaired or replaced, where will you will probably need to send it?

• to the store's headquarters

• to a separate repair facility

• to the manufacturer

• to the store where you bought it

Which of the following does a smart shopper not do?

• assumes the most convenient store also has the best prices

• knows all the places where she could shop

• recognizes the differences in prices between products and stores

• understands the store's return policy

The stage of a family in the family ________ affects consumer decisions.

• tree

• situation

• life cycle

• decision-making process

"The Fed" is short for:

• The Federal Reserve System

• FBI

• Congress

• The Federal Deposit Insurance Corporation

The following is usually considered a variable expense:

• car payment

• electric bill payment

• rent payment

• mortgage payment

Which government agency is responsible for the safety of products such as toys and clothing.

• Consumer Product Safety Commission

• Food and Drug Administration

• Federal Trade Commission

• National Institute of Standards and Technology