Module 3 Investments Quiz

Helps protect consumers by enacting laws that regulate securities trading markets such as stock exchanges and ensuring that investors do not get taken advantage of when investing their hard earned money. 

• Department of Justice

• Federal Trade Commission

• Federal Bureau of Investigation

• Securities and Exchange Commission

When businesses make false promises about their products or services, engage in bait-and-switch tactics, hide terms and conditions in contracts, or provide inadequate customer service.

• Wire fraud

• Mail fraud

• Consumer fraud

• Tax fraud

The primary agency responsible for consumer protection and has broad authority to combat deceptive or unfair practices that harm consumers.

• Department of Justice

• Federal Trade Commission

• Department of Justice

• Consumer Financial Protection Bureau 

A good credit score gives you access to more credit opportunities

• True

• False

Includes any debt incurred for non-business related purchases such as credit cards, medical bills, installment loans, and other consumer spending.

• Business Debt

• Consumer Price Index

• Consumer Debt

• None of the above

A loan taken out against an existing mortgage or lines of credit usually at relatively low interest rates based upon available equity in your home.

• Home Equity Loan

• Home Equity Line of Credit

• Revolving Line Of Credit

• Both Home Equity Loan and Home Equity Line of Credit

Reorganization Bankruptcy

• Chapter 7

• Chapter 11

• Chapter 13 Bankruptcy

• Debt consolidation loan

Liquidation Bankruptcy

• Chapter 11

• Chapter 7

• Chapter 13 Bankruptcy

  
  

• Debt Consolidation

The smallest dollar amount that must be paid each month on your loan or credit card debt

• Cash Advance Fee

• Balance Transfer Fee

• Minimum Payment Due

• Credit Limit

A ratio used to measure how much of your available credit you are utilizing at any given time

•  Consumer Leverage Ratio

• Credit Utilization Ratio

• PE Ratio

• Quick Ratio