d. All of the above 86. Comparing several credit cards allows you to obtain the: a. Lowest annual percentage rate b. Lowest annual fee c. Best rewards program d. All of the above 87. Compound interest is interest: a. Earned from a tax-exempt investment b. That decreases over time c. That does not show up on a monthly statement d. Calculated on the principal, plus interest already earned 88. Consumer spending is more likely to rise when: a. Unemployment is high b. Interest rates are low c. Taxes rise d. People increase the amount they save 89. Creating a budget helps you: a. Save money for the future b. Pay your bills in full and on time c. Control your spending d. All of the above 90. Credit cards can: a. Help you build credit history b. Charge you interest if you pay the balance in full don’t c. Be used to buy merchandise online d. All of the above 91. Custodial fees are: a. Charged when parents establish a trust fund for children b. Charged on stocks and bonds held for safekeeping c. A direct result of late payments d. Not tax-deductible 92. Debt consolidation: a. Eliminates debts after you have declared bankruptcy b. Generates income for you from other people's debt c. Pays off your smallest debt first d. Merges all your loans into a single loan 93. Deflation is a decrease in: a. The general level of prices in an economy b. The purchasing power of money c. The assets in a country's banks d. The total number of stock shares available for purchase 94. Depreciation is:
d. All of the above 86. Comparing several credit cards allows you to obtain the: a. Lowest annual percentage rate b. Lowest annual fee c. Best rewards program d. All of the above 87. Compound interest is interest: a. Earned from a tax-exempt investment b. That decreases over time c. That does not show up on a monthly statement d. Calculated on the principal, plus interest already earned 88. Consumer spending is more likely to rise when: a. Unemployment is high b. Interest rates are low c. Taxes rise d. People increase the amount they save 89. Creating a budget helps you: a. Save money for the future b. Pay your bills in full and on time c. Control your spending d. All of the above 90. Credit cards can: a. Help you build credit history b. Charge you interest if you don’t pay the balance in full c. Be used to buy merchandise online d. All of the above 91. Custodial fees are: a. Charged when parents establish a trust fund for children b. Charged on stocks and bonds held for safekeeping c. A direct result of late payments d. Not tax-deductible 92. Debt consolidation: a. Eliminates debts after you have declared bankruptcy b. Generates income for you from other people's debt c. Pays off your smallest debt first d. Merges all your loans into a single loan 93. Deflation is a decrease in: a. The general level of prices in an economy b. The purchasing power of money c. The assets in a country's banks d. The total number of stock shares available for purchase 94. Depreciation is:
971%20Question%20Financial%20Literacy%20Test%20Bank.docx