Economics and Personal Finance Exam Review 2022

Online banking allows you to transfer funds, check your account balances, and sometimes make payments.

• true
• false

The number that is written in the box of the check that represents how much the check is worth is called the numerical amount.

• true
• false

Commercial banks deal directly with individuals and small businesses

• true
• false

All healthy choices lead to positive consequences.

• true
• false

Economists are mostly interested in money.

• true
• false

In a command economy, the government regulates how goods and services are distributed.

• true
• false

When demand is greater than supply, the price goes down.

• true
• false

Competition is a driving force in a free enterprise economy.

• true
• false

Most nations put restrictions on imports to give their domestic businesses a competitive advantage over foreign ones selling the same product or service.

• true
• false

Making a purchase based on an immediate want or due to the pressure of advertising is impulse buying.

• true
• false