1. If you have a typical credit card, you are most likely to have a grace period on:
A. Balance transfers.
B. New purchases.
C. Cash advances.
2. One way to establish a credit rating is to:
A. Obtain cable TV or phone service.
B. Go to college.
C. Register to vote.
3. Correct negative information, such as late payments, will remain on your credit card for up to:
A. 20 years.
B. 14 years.
C. 7 years.
4. Your friend gets drunk at a party. Which of the following will help your friend sober up?
A. A cold shower.
B. Coffee.
C. Time.
5. You love to eat raw cookie dough. Which is safe to eat?
A. Homemade cookie dough.
B. Commercially prepared cookie dough.
C. Neither A nor B.
6. What is the main difference in choosing generic vs. name-brand drugs?
A. Cost.
B. Safety.
C. Effectiveness.
7. What type of water contains the highest lead content?
A. Cold.
B. Warm.
C. Hot.
8. On average, homeowners use how much more chemical fertilizers and pesticides per acre than farmers use on farmland?
A. Ten times.
B. Five times.
C. Three times.
9. Which contributes the greatest amount of air pollution in the United States?
A. City buses.
B. Passenger cars and light trucks.
C. Power plants.
10. The computer monitor uses:
A. Half as much energy as the computer.
B. Twice as much energy as the computer.
C. The same amount of energy as the computer.
11. In terms of wireless service, what defines your home calling area?
A. Your area code.
B. The location from which you made the call.
C. Your service plan.
12. Online sellers:
A. Must post their refund policy online.
B. Are not required to offer refunds if you change your mind.
C. Must send a copy of the refund policy with the merchandise.
13. The Federal trade Commission's Cooling-Off Rule covers goods purchased:
A. At discount stores.
B. Over the phone.
C. In your home.
14. If a company sends you merchandise you never ordered:
A. You can keep it as a gift.
B. You must send it back but the company must pay for shipping.
C. You only have to pay half of the usual price for the item.
15. You order something by mail and no delivery date is specified. In this case federal law says it must be delivered within
A. 30 days.
B. 14 days.
C. 7 days.
Correct answers: 1.b 2.a 3. c 4.c 5.b 6.a 7.c 8.a 9.b 10.b 11.c 12.b 13.c 14.a 15.a Source: LifeSmarts Coach's Guide
Trust is at the core of a long-term financial planning relationship.
