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Unit 5: Inevitable vs. Non-inevitable Financial Responsibilities

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Unit 5: Inevitable vs. Non-inevitable Financial Responsibilities

Justice August 20, 2017

Unit 5: Inevitable vs. Non-inevitable Financial Responsibilities

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Question 1 of 10

1. Question
Bills become inevitable since they are for services used to meet our ___________
- A. wants
- B. basic needs
- C. dreams
- D. none of the above
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Question 2 of 10

2. Question
Tax imposed on goods and services that an individual buys is called ___________
- A. property tax
- B. income tax
- C. consumer tax
- D. consumption tax
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Question 3 of 10

3. Question
Mandatory deductions are not court ordered.
- A. TRUE
- B. FALSE
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Question 4 of 10

4. Question
Which of the following is a mandatory deduction?
- A. Income tax
- B. Debt
- C. Rent
- D. Wage garnishment
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Question 5 of 10

5. Question
Which of the following is *not* an inevitable financial responsibility?
- A. Tax
- B. Rent
- C. Bills
- D. Credit advance
Correct

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Question 6 of 10

6. Question
_______________ financial responsibilities are financial obligations you can avoid. You can choose to take them on, or avoid them and save money.
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Question 7 of 10

7. Question
A payday loan is usually for a large amount that is paid back over a long period of time.
- A. TRUE
- B. FALSE
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Question 8 of 10

8. Question
A payday loan is legal in all states.
- A. TRUE
- B. FALSE
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Question 9 of 10

9. Question
Which type of loan helps students pay for their education expenses?
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Question 10 of 10

10. Question
Which of the following is *not* an example of a non-inevitable financial responsibility?
- A. Payday Loan
- B. Rent
- C. Cash Advance
- D. Student Loan
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Unit 5: Inevitable vs. Non-inevitable Financial Responsibilities

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