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Personal Finance Chapter 1

Quiz by Paula Fontaine

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11 questions
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  • Q1
    An example of a positive incentive an employer may offer employees
    Bonus
    warning
    tax deferred retirement account
    kids eat free program
    30s
  • Q2
    A business offers incentives to
    consumers and employees
    no one
    consumers and savers
    customers and producers
    30s
  • Q3
    If the price of gold fish increases and people stop buying them, it is said to have
    elastic demand
    inelastic demand
    price floor
    price ceiling
    30s
  • Q4
    The following are elastic except
    restaurant food
    gas
    cars
    clothing
    30s
  • Q5
    An economic system that offers consumers no choice
    North Korea
    Germany
    U.S.
    None of the above
    30s
  • Q6
    The SEC oversees
    the government
    the food and drug industry
    the environment
    Stock Exchange
    30s
  • Q7
    What does this graph represent
    Question Image
    supply
    inelastic demand
    elastic demand
    demand
    30s
  • Q8
    What would cause the demand curve to shift to the right
    Raw material cost dropped
    A new computer makes the job more efficient
    Consumer income increased
    Last season’s styles
    30s
  • Q9
    Bank of American is considered
    Credit Union
    Insurance company
    Commercial Bank
    Mortgage Company
    30s
  • Q10
    Credit Unions offer their customers which services
    Car insurance
    None of the above
    Investment advice
    Credit and debit cards
    30s
  • Q11
    A Non-depository institution includes
    Rockland Credit Union
    Progressive insurance company
    Dedham Savings Bank
    All of the above
    30s

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