finance true and false

Factors such as where you live and your ethnic background can affect your buying decisions.______ T

2.When you compare brands, you should consider price and advertising.______ F

3.When you choose the lower priced option of two identical items, the marginal benefit decreases.______ F

4.A rebate is a partial refund of the price of a product..______ T

5.An implied warranty is a written guarantee that covers certain aspects of a product.______ F

6 Money in a checking account is called a demand deposit.______ T

7.A savings & loan association is a financial institution that is owned by its members.______ F

8.Overdraft protection is an automatic loan made to an account if the balance will not cover the checks written. ______ T

9.A restrictive endorsement allows you to transfer a check to an organization or another person.______ F

10.An implied warranty is a written guarantee that covers certain aspects of a product.______ F

11.A finance company specializes in savings accounts and mortgage loans. _______ F

12.Pawnshops will offer payday loans with high finance charges to desperate borrowers. _______ F

13.A stop-payment order is a request that a bank or other financial institution not cash a particular check. _______ T

14. You can write checks from a money-market account. _______ F

15. According to the Truth in Savings Law, financial institutions have to guarantee you a minimum interest rate on your deposits. _______ F

16.A prepaid phone card is an example of a debit card _____ F