ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Education has no affect on a person’s potential earning power
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A person with a professional degree is likely to earn at least four times as much per year as a person who did not complete high school
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Attaining a higher educational level affects the earning potential only for people over 40 years old
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Attaining a higher educational level decreases potential earning power
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Detailed explanation-1: -There is a direct relationship between educational level and potential earning power. A person with a professional degree, for example, is likely to earn at least four times as much per year as a person who never completed high school.
Detailed explanation-2: -Monetary Policy Reason: Uses it to regulate the nation’s money supply. Which of the following is a disadvantage of using of using phone cards, debit cards, electronic transfers, and ATM cards? They expose consumers to greater likelihood of identity theft.
Detailed explanation-3: -Which of the following provides an increase in assets or wealth? Having capital gains.
Detailed explanation-4: -Reason : The New York Stock Exchange resembles an auction house. Items (shares of stock) are offered for bid and go to the highest bidder willing to purchase the stock at the time it is offered.
Detailed explanation-5: -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.