SS8E3

Which of the following is NOT an example of credit? (SS8E3)

• credit card

• debit card

• home loan

• student loan

Which of the following acts as the legislature for a local government?

• Mayor

• City Council

• City Manager

• County Sheriff

Who is responsible for running daily city operations in a strong-mayor type of city government?

• Mayor

• City Manager

• City Council

• City Secretary

Which of the following is an example of a special-purpose government?

• one set up to operate a mass transit system

• one set up to advance economic development

• one set up to operate an airport

• all of these

Which economic activities are MOST dependent on Georgia's climate?

• music industry and technology

• film and television

• agriculture and tourism

• lumber and mining

Look at the characteristics:

- uncontrolled and outstanding debt

- unable to pay creditors

- income to debt ratio is high

- low personal savings

Which of the following is being identified in the box?

• benefits of debt

• common reasons for bankruptcy

• reasons to use debt

• common benefits of credit

Which of the following BEST summarizes the function of an interest rate?

• by providing a way to generate revenue for local governments

• by allowing lenders to seize a person’s home and sell it to get loan money back

• by paying the lender for the privilege of using their money to make a purchase

• to charge higher fees for risker loans

Which of the following is NOT a function of money?

• A) Medium of exchange

• B) Store of value

• C) Unit of account

• D) Source of income

What is the primary purpose of a budget?

• A) To track past expenses

• B) To plan future spending

• C) To increase income

• D) To reduce taxes

Which of the following is an example of a public good?

• A) A private school

• B) A city park

• C) A shopping mall

• D) A restaurant