2. Which of these occurs when a person misrepresents the value of a tradable item, or never completes the agreed-upon trade? A. swaplifting B. shoplifting C. stealing D. swapping
@dopeness_ @InstagramModel @lilpac I know it is either B or C....
3. Which of these would not help you save money? A. buying a car with a low gas mileage rating B. walking when possible instead of driving C. taking shorter showers D. avoiding credit cards and high interest rates
4. Which of these refers to the adjustment of an economy’s money supply by a central bank? A. inflation B. fiscal policy C. deflation D. monetary policy
@InstagramModel
@ShelbyWyatt
hmm
okay, so i would think that the very First was is A because you're stealing
1 is a
Okay, I wasn't really sure on that one
2 is a i suppose?
5. Which statement about money market accounts is not true? A. account holders can usually make unlimited withdrawals each month without paying aa withdrawal fee B. If funds fall below a certain level, the financial institution usually imitates a higher service fee. C. Money market accounts pay a higher interest rate than a traditional savings account D. The higher interest rate paid on a money market account is a result of maintaining a higher balance and do you mean number 2 or the second question posted?
I KNOW 3 is A just because i own a car XD
what is it
the 5 about market is a again i think
6. Which type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate? A. simple B. both C. compound
compound?
i KNOW that #6 is C
so most of my logic guess were right?
I KNOW that #5 is A (Because I'm also in personal Finance)
7. Which of these is not one of the ways in which the Federal Reserve can affect the country's monetary policy? A. It can change the reserve requirements of banks B. It can spend more revenue and/or lower taxes to stimulate demand C. It can adjust the interest rate it charges to borrowers D. It can buy and sell treasury bonds You guys are seriously the best, I will post if the answers are right or wrong after my test is over
omg how did i get all those right
ill be back igmodel you maybe help him first
kay. you can call me Hayley :)
ok
8. Which of these is a type of savings account that is designed to accrue interest for a specific period of time? A. basic savings account B. mutual fund C. money market account D. certificate of deposit
I also know that #7 is B. 100%
Number 8 Is D, because I just learned about that.
how many more questions?
10. What did the Coinage Act call for? A. the building of a federal bank B. a standard system for printing and creating coins C. the regulation of coins issued by the colonies D. the building of a mint to manufacture and distribute official government-backed money
okay, C & D are NOT the right answers. (:
that's for sure hahahah this is my last question and then I just need number 4 up there ^^^^^^^^^ :)
haha okay (:
Oh! I thought I answered number 4. I KNOW that it's D
so is number 10 A or B?
-cough- B -cough- ;)
THANK YOU YOURE THE BESSSTTTTTTT
Of course! Anytime (:
I only got two wrong, #2 and #10, but I got an 80% so it's all good :D
YES <3!
:)
Join our real-time social learning platform and learn together with your friends!