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HR Budget Challenge

Terms in this set (40)

Economics
the study of choices that individuals and societies make in production, distribution, and consumption of goods
In order to develop a civilization there needs to be a complex economy.
True
Purchasing a single company's stock is a wiser investment than purchasing stock mutual funds.
False
Balance Transfers
amounts transferred by a customer from other creditors owed to the account and are added to the balance owed
Total Amount Due
the amount owed to a company during a billing cycle
The Pilgrims tried an economic plan that was a form of ??? where they shared everything produced equally.
Economics
If a savings account of $300.00 is earning 7 percent interest per year, at the end of one year I would have $421.00.
False
If the interest rate on a savings account of $3000.00 is 10 percent per year, at the end of three years I would have a total of ??? in that savings account.
$3,900.00
The interest rate for cash advances on a credit card are usually less than the interest rate for purchases on a credit card.
False
As long as you have ODP you can never bounce a check.
False
The Pilgrims had to support themselves in the New World by profitable work.
True
Any charges for a billing cycle will be found in the Credits/Adjustments section.
False
My credit card statement read:

Previous Balance $307.00; New Charges $410.00; Credit Adjustments $29.00;

Cash Advance $45.00 Credit Limit of $800.00
I owe a total of $733.00 for the invoice.
Colonists in the New World discovered that private enterprise was successfully and produced goods for themselves.
True
If the interest rates fall than bond prices fall as well.
False
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