--------------------------------------------------------------------------------------- BUSN 380 Week 3 Quiz Set 2
Question 18. Question:( TCO 3) Steve has three children and has purchased each of them his or her own TV that is placed in his or her respective room. Which reason for indebtedness is this an example of?
Misunderstanding or lack of communication Overindulgence of children The expectation of instant comfort Keeping up with the Joneses The use of money to punish
Question 19. Question:( TCO 3) _____ families rely heaviest on student loans to finance college.
Low-income Middle-income High-incomeLargeSmall
Question 20. Question:( TCO 3) If Tracy Sears borrows $ 1,250 for 1 year with an APR of 9 % with no service fees, what is her total cost of credit?
$ 125 $ 112.50 $ 7.50 $ 9.38 $ 0
--------------------------------------------------------------------------------------- BUSN 380 Week 3 Quiz Set 2