1. CAR FINANCING FOR LESS

Question

2-YEAR TERM
UP TO $40,000
6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT
What part of the offered deal is the interest rate?
a. 2 YEAR TERM
b. UP TO $40,000
c. 6% COMPUNDED ANNUALLY
d. $500 UP-FRONT PAYMENT
________________________________________________
2. In which economic situation would interest rates decrease?
a. Most people are saving rather than buying houses
b. average families are choosing to invest in new businesses
c. high consumption is driving a surge in the services sector
d. increased job stability is encouraging workers to make big purchases
_________________________________________________________
3. "Maria Ivanov has owned a successful clothing boutique chain for 20
years. she has gone into debt several times to expand her business
each time, she paid off the debt in full sooner than expected"
How will Maria's record affect the loans she is offered?
a. She will be offered longer terms
b. She will be offered shorter terms
c. She will be offered lower interest rates
d. She will be offered higher interest rates

Answer 1

1. The part of the offered deal that is the interest rate is:
   c. 6% COMPOUNDED ANNUALLY

2. In which economic situation would interest rates decrease?
   a. Most people are saving rather than buying houses

3. How will Maria's record affect the loans she is offered?
   c. She will be offered lower interest rates

Answer 2

1.Distribute goods and services quick check
why do workers mostly sell their labor?
a. to earn income
b. to grow their productivity
c. to become entrepreneurs
d. to avoid inflation
______________________________________________
2.Which of these factors contribute to the income potential
of a job? select the two correct answers.
a. the education required to be successful at a job
b. the amount of income a person wants to make at a job
c. the special skills needed to do a job well
d. the enjoyment a person finds in a job
______________________________________________
3. which job would likely have the lowest income?
a. a job that many people are willing to do
b. a job that takes highly specialized skills
c. a job that requires a collage diploma
d. a job that requires a lot of travel

Answer 3

1. Why do workers mostly sell their labor?
   a. to earn income

2. Which of these factors contribute to the income potential of a job? Select the two correct answers.
   a. the education required to be successful at a job
   c. the special skills needed to do a job well

3. Which job would likely have the lowest income?
   a. a job that many people are willing to do