|
7. |
It is the primary role of banks to: A) make
money, B) lend money at a profit, C) print money, D) launder drug
money. |
|
8. |
Banks support the "real economy" which: A)
makes the most money, B) provides goods and services to consumers,
C) is the largest grown sector of our economy, D) both B & C. |
|
9. |
Banks, Insurance Companies, Investment Banks,
Stock Brokerage Firms make up the "financial economy" whose original
purpose is to: A) make more money than the "real economy", B)
support the "real economy" through providing investment capital
(loans & shares of ownership), C) lend money at below prime interest
rates, D) all of these. |
|
10. |
The "financialization" of the U.S. economy was
created when the U.S. government under Reagan, Bush I,
Clinton, and Bush II: A) supported tight monetary policy, B)
supported deregulating the financial institutions, C) started the
war in Iraq, D) all of these. |
|
11. |
Wolf argued in the article, Capitalism
Hits the Fan, that Americans borrowed their way to the
American dream because: A) good paying jobs went to Mexico and other
countries, B) the "real wages" of Americans declined since the
1970s, C) American families could no longer make it on one income,
D) all of these. |
|
12. |
The real estate bubble (a major manifestation
of the financial crisis) was caused by banks: A) lending money to
people to buy a house who could not afford it, B) shipping off jobs
to Mexico, C) laundering drug money, D) none of these. |
|
13. |
The difference between and Ponzi scheme and the
real estate bubble is that: A) a Ponzi scheme involves fraud, B) the
bubble is based on false expectations, C) Madoff got caught while
Bubble didn't, D) all of these. |
|
14. |
Your FICOS
score is: A) your credit score, B) your account balance after you
pay off a credit card, C) what you get when you go into bankruptcy,
D) none of these. |
|
15. |
Your FICOS
score is important in that it determines: A) Your likelihood of
getting a loan for a car, B) how credit-worthy you are, C) your
chances of getting a loan to buy a house, D) all of these. |
|
16. |
Which of the
following was a major effect of lowering the minimum monthly payment
on credit cards? A) consumers will spend less, B) consumers will
default on their card payments, C) consumers will spend more on
their card, D) credit card companies make less. |
|
17. |
If you are, in
credit card industry lingo, a "deadbeat" you: A) overcharge on your
credit card accounts, B) pay off your bills monthly incurring no
interest payment, C) pay the minimum off every month, C) don't pay
your bills. |
|
18. |
Which of the
following was a major effect of lowering the minimum monthly payment
on credit cards? A) consumers will spend less, B) consumers will
default on their card payments, C) consumers will spend more on
their card, D) credit card companies make less. |
|
19. |
The trap credit
card companies lay for consumers is in the fine print of the
contract no one ever reads. This trap: A) can raise their interest
rates for the most minor infractions by the consumer, B) allows them
to raise their credit rates easily, C) allows the consumer to turn
over their debt to a competitors card, D) none of these. |
|
20. |
Your Ecological Footprint, measures: A) how
many planets it would take to sustain your lifestyle if everyone
lived like you, B) how big your feet are, C) how much money it would
take to satisfy you, D) none of these. |
|
21. |
Americans make up 5% of the world's population,
yet consume 25% of the world's resources. How can this explain why
we are the only nation to have our military all over the world? A)
We are the Empire, B) Osama bin Laden may be hiding anywhere, C) to
sustain our way of life we must have control over vital resources,
D) both A & C. |
|
22. |
Conscious Consumption asks: A) Do I
really need this? B) How much harm was done to the planet or
workers in this items creation? C) How am I going to pay (credit
card or cash)? D) all of these. |