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Answers to Consumer Quiz

April 14, 2008 RSS Feed Print

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After testing yourself on consumer and personal finance questions from the National Consumers League, click below to see the answers.

1) People who invest in CDs may choose them because they want investment vehicles that:
Answer: a) Provide safety and income

2) Which of the following investments is the most volatile?
Answer: b) Stocks

3) Bonds described as "junk bonds" are also more positively called:
Answer: c) High-yield bonds

4) "Lemon laws" generally apply to what type of car?
Answer: a) New cars

5) What is true about checking accounts?
Answer: b) Banks can offer any interest rate they want to

Did you get them all correct or miss a few? Share what tripped you up—or didn't—below.

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They are not easy!

Kimberly Palmer of 10:17AM April 15, 2008

I've participated as a LifeSmarts judge -- it's amazing what these kids know! Thanks for sharing the quiz ... I got 2 wrong! Yikes! (thank goodness as a judge they tell you the answers...!) I missed the lemon laws. I could have sworn they covered both.

cleo of MD 7:29PM April 14, 2008

I've participated as a LifeSmarts judge -- it's amazing what these kids know! Thanks for sharing the quiz ... I got 2 wrong! Yikes! (thank goodness as a judge they tell you the answers...!) I missed the lemon laws. I could have sworn they covered both.

cleo of MD 7:29PM April 14, 2008