17.What are the last two steps in the auto-purchase process?

A) Close the deal and complete post sale activities Close the deal and complete post-sale

B) Analyze needs versus wants and do homework

C) Comparison shop and negotiate a deal

D)Do homework and comparison shop

18.In stopping little financial leaks, what are the first things you need to sort out?

A) Giving vs. spending

B) Needs from wants

C) Ongoing bills vs one time payments

D) Bills from payments

19.Which student loan does not accrue interest during school?

A) Subsidized

B) Unsubsidized

C) No student loans accrue interest during school

D) Parent Plus

20. What is the 10-second rule?

A) If you drop an item in a store, it's still safe to pick it up after 10 seconds

B) Put an item in your cart and, if you don't want it after 10 seconds take it out

C) Hold an item for 10 seconds before you put it in your cart, asking yourself if you really need the item and, can afford to pay for it

D) All of the choices are correct

21.The act of lending money at an unreasonably high interest rate, thus making repaym excessively difficult or impossible for the borrowers, is the definition of

A) rollover

B) predatory lending

C) interest rate spread

D) usury law

22 Nick took out a home equity loan to consolidate his credit card debit. What should he do with his credit card?

A) Continue to use them but not as much

B) Charge everything

C) Don't use them until the home equity loan is repaid

D) All of the choices are incorrect

23.You spend $1.000 on your credit card, and the minimum payment is $10 a month. If you pay double the minimum payment, what will happen?

A) You will pay the debt off more quickly

B) You will end up in perma-debt

C) You will pay off the debt more slowly

D) None of the options are correct

24. Skimming" is when an identity thief

A) calls homes to try to collect personal information

B) swipes a copy of your credit card

C) looks through your trash

D) All of the options are correct

25. In the event that you fail to make a payment,_______ credit cards may take funds from your savings account.

A) platinum

B) revolving

C unsecured

D) secured