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CE.13 E, F
Test Description: VA SOLs
Instructions: Answer all questions to get your test result.
1) The right of private ownership is −
A
restricted to people age 18 and up.
B
denied if you are convicted of a felony.
C
protected by contracts with the force of law.
D
not recognized in the Constitution.
2) Government agencies establish regulations to −
A
satisfy the demands of Congress.
B
gain support for political parties.
C
protect public health and safety.
D
collect taxes and fees.
3) If you join a CD music club and your CDs are not delivered after you pay for them, what can you do to try and get your problem solved?
A
Join a different club.
B
Take legal action.
C
Send them more money.
D
Threaten the company’s customer service personnel.
4) The Constitution of the United States guarantees individuals the right of private ownership. This right is protected by negotiated contracts, which are enforceable by −
A
consumer sovereignty.
B
handshakes.
C
public consent.
D
laws.
5) Fran has ordered a sweater for her sister from a catalog. She charges the price to her credit card, but the sweater never arrives and the catalog company refuses to send it to her. What can Fran do?
A
Have the catalog company's president arrested.
B
Have her Congressman shut down the catalog company.
C
Seize the catalog company's property.
D
Sue the catalog company for fraud.
6) If a product harms a consumer, what can the consumer legally do?
A
Have the government immediately shut down the company that made the product.
B
Take legal action against the company that made the product.
C
The consumer does not have any rights.
D
Arrest the store’s owner through the Citizen's Arrest Act of 1881.
7) People accept coins and currency issued by the United States government in exchange for goods and services because they −
A
have no other type of money.
B
refuse to use personal checks.
C
have confidence in the government.
D
can no longer barter.
8) A person uses a $20 bill to purchase an item at a craft show, illustrating that one reason the government issues money is to −
A
increase the value of currency.
B
control inflation.
C
encourage global trade.
D
facilitate an exchange for goods and services.
9) The three types of money used in the U.S. are coins, Federal Reserve notes (currency), and deposits in bank accounts that can be accessed by ___.
A
checks and debit cards.
B
personal banking key.
C
internet banking.
D
safety box combination.
10) The FED manages the amount of money in the economy to try to keep inflation ___.
A
high and stable.
B
high and unpredictable.
C
low and stable.
D
low and unpredictable.
*select an answer for all questions
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