1) A commodity in which someone invests might include a

A) mutual fund. B) natural resource . C) thriving company. D) certificate of deposit.

2) Which is a long-term consequence of paying less than the minimum amount due on your bills?

A) There will be a late fee. B) You will get a fee for having a negative balance in your checking account. C) The number of payments will increase. D) It will be harder to get a good rate on a mortgage when you buy a house.

3) An annual percentage rate, or APR, represents how much

A) interest is paid over a year. B) interest is paid over many years. C) principal is paid over a year D) principal is paid over many years.

4) Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?

A) She will appear more responsible to future employers. B) She will be able to do the job better. C) She will be able to complete her job search application better. D) She will get an increase in the interest rate on her student loans.

5) The graph shows the price of a good compared to the quantity demanded.

This graph demonstrates how

A) the amount produced slightly changes with the price.

B) the amount produced greatly changes with the price.

C) the amount consumed slightly changes with the price.

D) the amount consumed greatly changes with the price.

6) What budget allocation can be changed if you alter your daily spending habits?

A) rent B) savings C) insurance D) car payment

7) Which expenditure will be the same whether you lease or buy a new vehicle?

A) total cost B) monthly payments C) gas and insurance D) required down payment