Question 165 pts
(02.04 MC)
Trisha receives a $2,500 gift and wants to open a savings a...
Advanced Placement (AP), 27.10.2020 09:40 komari0217
Question 165 pts
(02.04 MC)
Trisha receives a $2,500 gift and wants to open a savings account. Which bank interest would be the best for her at a current inflation rate of 2.5%?
Group of answer choices
A nominal interest rate of 3.5%
A real interest rate of 3%
A real interest rate of 2.5%
A nominal interest rate of 4%
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Question 175 pts
(02.04 LC)
Which statement is true?
Group of answer choices
A bank interest lower than inflation means more purchasing power.
Nominal rates are an accurate figure of purchasing power.
Real interest measures the power of the saved money.
Real interest is the sum of nominal interest and inflation.
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Question 185 pts
(03.01 LC)
After knowing the APR, what three factors are important to research before applying for a credit card?
Group of answer choices
Lender reviews, initiation fee, cancellation fee
Annual fee, transaction fees, penalty fees
Annual fee, lender reviews, cancellation fee
Borrowers' reviews, penalty fees, initiation fee
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Question 195 pts
(03.01 MC)
What is likely to happen if a borrower forgets a payment on a credit card account?
Group of answer choices
The credit card company will send a friendly warning.
The credit card company requires the entire balance be paid in full immediately.
The credit card company will terminate the borrower's credit.
The credit card company applies a late fee.
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Question 205 pts
(03.02 MC)
Mariah made a down payment on a van. Which of the following is true because of the down payment?
Group of answer choices
She has additional time to repay the loan.
Her credit limit will increase.
She has some equity or ownership right away.
Her insurance will decrease.
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Question 215 pts
(03.02 LC)
Joshua and Tammy just purchased property with an ARM mortgage. What is true?
Group of answer choices
There is collateral.
They have a non-secured loan.
Their interest will be fixed.
They cannot make a down payment.
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Question 225 pts
(03.03 MC)
Why did Jon's lender most likely approve his loan?
Group of answer choices
He has a historic credit score of 300.
He has been making most payments on time.
He has one credit card.
He has a high debt-to-available credit ratio.
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Question 235 pts
(03.03 MC)
Johanna was accepted at her college of choice and is moving out of her parents' home and in with a roommate. How can she use this to positively affect her credit score?
Group of answer choices
By avoiding a disagreement with her roommate
By keeping a high GPA
With responsible behavior towards her first landlord
With a high debt-to-available credit ratio
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Question 245 pts
(03.03 HC)
Tim's wages were garnished for the past three months as he failed to pay child support and student debt. He needs to buy a vehicle now. What will most likely happen next?
Group of answer choices
He may be approved for new credit with a low interest rate.
He may be denied future loans for a period of time.
He may be protected under the Consumer Financial Protection Bureau.
He may claim a dispute with the credit bureau about his credit report.
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Question 255 pts
(03.03 LC)
Marina requested a copy of her credit report in May 2019 and wants to request a second one in November 2019. What is true?
Group of answer choices
She can; it is always free.
She can, but she may have to pay for it.
She will not obtain it; a free copy can be requested every two years.
She will not obtain it; the bureau sends it automatically once a year.
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Question 265 pts
(03.04 LC)
Burt has been struggling with his health, experienced a recent death in his family, and is behind on most of his payments. He is considering filing for bankruptcy. Which one of these options might he want to avoid so he doesn't make matters worse?
Group of answer choices
A payday loan
A credit counseling appointment
A renegotiated credit
A pre-paid credit card
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Question 275 pts
(04.01 LC)
Which factor does not affect the stock prices in a market?
Group of answer choices
Current taxes
Government policy
International transactions
Supply and demand
Answers: 2
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