Fact, Opinion, and Reasoned Judgment - Financial Literacy & Economics

Questions

1. MultiChoice

   Statement: 'Inflation refers to a general increase in prices and fall in the purchasing power of money.' What type of statement is this?

2. MultiChoice

   Statement: 'Saving money in a piggy bank is much better than opening a bank account.' What type of statement is this?

3. MultiChoice

   Statement: 'Comparing compound interest earnings across savings options indicates that starting a retirement account in your twenties yields far greater financial security.' What type of statement is this?

4. MultiChoice

   Statement: 'A budget is a plan for income and expenses over a specified period of time.' What type of statement is this?

5. MultiChoice

   Statement: 'Buying brand-name clothes is a foolish waste of money.' What type of statement is this?

6. MultiChoice

   Statement: 'Given interest rate costs on credit card debt, paying off high-interest balances before investing in stocks is the most sound financial strategy.' What type of statement is this?

7. MultiChoice

   Statement: 'The currency used in Japan is called the Japanese yen.' What type of statement is this?

8. MultiChoice

   Statement: 'Working in business is much more satisfying than working in government.' What type of statement is this?

9. MultiChoice

   Statement: 'Analysis of consumer spending trends suggests that raising minimum wage leads to increased local retail revenue.' What type of statement is this?

10. MultiChoice

    Why is an economic forecast about minimum wage impact classified as a reasoned judgment?

11. MultiChoice

    Statement: 'Federal income tax is collected by the government to fund public services.' What type of statement is this?

12. MultiChoice

    Statement: 'Taxes are way too high and unfair for everyone.' What type of statement is this?