
Econ. Ch. 4 review
Authored by WENDY LYNETTE TUCKER
Social Studies
12th Grade
Used 8+ times

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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit card commercials show people making payments for months/years to pay off the credit cards to entice you to get their card.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Home equity loans (HELOC) can only be used for home repairs and renovations.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do banks and lenders use credit scores to determine?
how likely you are to repay debt
how much collateral you have to put up for a loan
your financial responsibility
how successful you are
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making purchases with a credit card means that you are borrowing money with interest. Who pays higher interest rates?
young people
old people
rich people
college graduates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you finance a car, you will end up paying more than the sticker price.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The majority of American live paycheck to paycheck.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is your greatest tool for building wealth?
tax cuts
single stocks
your income
your credit score
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