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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
protected by contracts with the force of law.
B
denied if you are convicted of a felony.
C
restricted to people age 18 and up.
D
not recognized in the Constitution.
2) Government agencies establish regulations to −
A
collect taxes and fees.
B
gain support for political parties.
C
protect public health and safety.
D
satisfy the demands of Congress.
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
Send them more money.
B
Threaten the company’s customer service personnel.
C
Join a different club.
D
Take legal action.
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
public consent.
B
handshakes.
C
laws.
D
consumer sovereignty.
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
Sue the catalog company for fraud.
B
Seize the catalog company's property.
C
Have her Congressman shut down the catalog company.
D
Have the catalog company's president arrested.
6) If a product harms a consumer, what can the consumer legally do?
A
Take legal action against the company that made the product.
B
The consumer does not have any rights.
C
Have the government immediately shut down the company that made the product.
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
have confidence in the government.
C
can no longer barter.
D
refuse to use personal checks.
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
control inflation.
B
facilitate an exchange for goods and services.
C
increase the value of currency.
D
encourage global trade.
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
personal banking key.
B
checks and debit cards.
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 unpredictable.
B
low and unpredictable.
C
high and stable.
D
low and stable.
*select an answer for all questions
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