Question
Reasons why auto leasing is so popular include all of the following except a. lower total cost b. getting more expensive car for the same
Reasons why auto leasing is so popular include all of the following except
| a. | lower total cost | |
| b. | getting more expensive car for the same monthly payment | |
| c. | lower monthly payments | |
| d. | new car smell every 3 years | |
| e. | lower down payment |
You have $550 in your checking account when your ATM card and PIN are stolen. You have signed up for electronic statements and you get an email saying your account statement is ready for viewing in your account. 7 days after the email, you get around to logging into your account and notice your account is empty. You immediately report it to your bank.
According to the law, you could lose up to ____ of your $550.
| a. | $25 | |
| b. | $550 | |
| c. | $500 | |
| d. | $50 | |
| e. | $0 |
Janice Sanders has saved $12,000 and wants to keep it safe for 3 years when she will need it to pay for her master's degree. Which of the following would you recommend?
| a. | money market deposit account | |
| b. | 1-year certificate of deposit | |
| c. | 3-year certificate of deposit | |
| d. | Series EE US savings bond | |
| e. | S&P 500 index fund |
The monthly payment will be lower on a 6-year auto loan than on a 3-year auto loan.
True
False
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
