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Consumer Economics Final Exam
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Consumer Economics Final Exam
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25 Questions

1. The Zero-based Budget Is The Best Method Of Budgeting Because

2. Instead Of Borrowing Money For Large Purchases - You Should Set Money Aside In A ________ Over Time And Pay With Cash.

3. ____________Financing Is Nothing More Than A Really Good Marketing Tool.

4. The Goal In Communicating With Your Parents About Money Is To Become __________________With The Money You Have.

5. Which Of The Following Is Not Recommended In The Debt Snowball Method Of Getting Out Of Debt?

6. Joe Tries To Bargain At An Electronics Store But Is Unable To Negotiate The Price Down. What Should Be His Next Step?

7. A Credit Score Is Intended To Measure

8. When Buying And Selling Investments - You Should Not

9. You Should _______________Before Making A Big Purchase If There Is Only One Item Left.

10. Why Should Interest Earned Not Be A Factor With Your Emergency Fund?

11. Which Of The Following Statements Is False?

12. The Five Foundations

13. Which Of The Following Is Not One Of The Basics Of Budgeting?

14. It Is Not Okay To Use A Credit Card If You Pay It Off ______________.

15. This Principle Suggests That A Certain Amount Of Money Today Has Different Buying Power Than The Same Amount Of Money In The Future. This Is Due To Both The Opportunity To Earn Interest On The Money And Because Inflation Will Drive Prices Up - Thereby Changing The ʺvalueʺ Of The Money.

16. The Saving Habits Of Ben And Arthur Best Illustrate Which Principle Of Saving?

17. The _______________ You Make In The Next Few Years Will Affect The Next 40 Years Of Your Life.

18. Which Of The Following Is A Consequence Of Spending More Than You Make?

19. The Benefit Of Diversification In Your Investments Is

20. A Retirement Plan Found In Nonprofit Organizations Such As Churches - Hospitals And Schools.

21. Which Of The Following Is A Consequence Of Overdrawing Your Checking Account?

22. You Should Communicate Your Money Goals With Your Parents And Others Close To You Because

23. Which Is Not A ʺpower Over Purchaseʺ Tactic?

24. Which Of The Following Statements About Goal Setting Is False?

25. When Considering Donating To Charity