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42 Cards in this Set
- Front
- Back
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T/F Chapter 13 Bankruptcy is often referred to as straight bankruptcy |
F |
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T/F Credit Problems usually happen quite suddenly |
F |
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T/F The majority of funding for credit counseling organization comes funded the fed govt |
F |
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T/F It is vital that you follow the 20/10 rule when you take out a mortgage loan |
F |
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T/F Info on credit scams as well as credit advice is available on the fed trade commission website |
T |
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This occurs when creditors file a petition with the court asking to declare you bankrupt. A. Repossession B. Foreclosure C. Involuntary Bankruptcy D. Bankruptcy |
C |
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When you have insufficient income and assets to pay your debts you are said to be A. Liquidated B. Indigent C. Unsecured D. Insolvent |
D |
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The agreement to pay debts that have been legally discharged is called |
Reaffirmation |
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T/F Automobile insurance that pays for your injuries when the other driver is legally liable but unable to pay is called umbrella liability insurance |
F |
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T/F Steffi was in an automobile accident that wasn't her fault. Her own automobile liability insurance will NOT pay for damage to Steffi's vehicle |
T |
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Which of these people would be considered an uninvited guest on you property? A. Your brother who you've asked you come watch the game with you B. A burglar who breaks into your house to rob it C. A plumber who comes to fix a leaking faucet in your bathroom D. The letter carrier which delivers your mail |
D |
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Hassan has liability insurance coverage at 100/300/50. How much will Hassan's insurer pay for property damage per accident? A. Up to 50,000 B. Up to 100,000 C. Up to 300,000 D. 50,00 for the first accident, 100,000 for the second, 300,000 for the third |
A |
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A written amendment to an insurance policy is called a(n) |
Endorsement |
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Items that insurance policies specifically will not cover are called |
Exclusions |
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T/F A used vehicle inspection typically costs about 500 |
B |
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T/F Generally, cloth vehicle upholstery is more durable than vinyl |
T |
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T/F Assigned risk pools are state-run programs that offer very low insurance rates to people who have excellent driving records |
F |
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T/F Kelly Blue Book published a popular vehicle pricing guide for new cars |
F |
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Which of the following can tell you if the head gasket in your vehicles engine needs to be replaced A. Oil consumption test B. Vehicle emission test C. Timing gear test D. Compression test |
D |
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T/F Someone who buys and sells stock within a short period if time is called a speculator |
T |
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T/F The Dow Jones Industrial Average is an average of the price movements of 30 major stocks listed on the New York Stock Exchange |
T |
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T/F Growth stocks typically pay the most certain and predictable dividends |
F |
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A common stock A. Is less risky than preferred stock B. Has no voting rights C. Pays a fixed dividend D. Allows stockholders to influence corporate policy |
D |
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_________ selling is selling stock borrowed from a broker that must be replaced at a later time |
Short |
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A(n) __ market is prolonged period of risking stock prices and general feeling of investor optimism |
Bull |
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Brand name drugs are expensive bcuz of costs associated with dev and marketing them T/F |
T |
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The child protection and toy safety act I'd 1969 requires defective toys to be quickly recalled and replaced T/F |
T |
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T/F The gen drug act of 1984 sets rules about who can see your health info |
F |
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Airline passengers usually deserved compensation if they are bumped from a flight cuz oversold |
T |
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Protection against fraud was included in the 1062 consumer bill of rights |
F |
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USPIS is a fed law enforcement agency that investigates consumer prob6 pertaining to the illegal use of mail |
T |
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According to the consumer tech bull of rights consumers don't have the right to translate legally acquired content into diff formats even if that makes the content more usable to them |
F |
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In most states consumer complaints are handedly by the lieutenant govt and staff |
T |
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Since 1960 consumers position in the marketplace can best be described as buyer beware |
T |
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It I against law for health providers to use SSN as personal id for patients |
T |
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One provision of consumer tech bill of rights is that consumers have right to A. Make copies of software and sell to friends B. Make backup copies of purchased Cds to protect against theft C. Receive free hardware and software upgrades for the life of any product purchased D. All of the above |
B |
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The GDA does all PC the following except A. Provide food assistance programs such as food stamps and school lunches B. Requires testing and approval of all new drugs C. Provides standards and guidelines for poisonous substances D. Establishes labeling guidelines for products |
A |
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Which fed agency sponsors Malcom Baldridge National Quality Award A. FDA B. NIST C. FCC D. CPSC |
B |
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According to the Flammable Fabrics Act of 1953 the flame retardant finish on children's sleepwear must last for A. For 50 washings and drying B. Until the child outgrows the garment C. For one year D. For the life of the garment |
D |
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The children's online privacy protection act of 1998 applies to the online collection of personal info from children under age A. 18 B. 16 C. 14 D. 10 |
A |
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__ labels give info for cleaning and washing clothing and fabrics |
Care |
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__ devices make potentially dangerous products resistant to tampering by young children |
Childproof |
