ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit card
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Identification card
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Cash card
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Traveler’s check
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Detailed explanation-1: -The type of cash card Nora used is called a phone card. Some retail chain stores sell cash cards which can be used to pay for their products. Cash cards are either disposable or re-loadable.
Detailed explanation-2: -Which statement best describes the relationship between a person’s educational level and that person’s potential earning power? A person with a profession degree is likely to earn at least four times as much per year as a person who did not complete high school.
Detailed explanation-3: -New coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the: C: Federal Reserve System/ Reason:The U.S. Federal Mint, which is an operating bureau of the Department of the Treasury, makes new coins.
Detailed explanation-4: -The total amount of money in the United States, termed the money supply, consists of coins, paper currency, checking account balances on which checks can be drawn, savings deposits, and time deposits such as CDs and money market funds.