23. Consumer purchase decisions should be directly related to your
**financial goals.
**aspirational lifestyle.
**future standard of living.
**personal feelings
24. What is normally referred to as the "sticker price" on a new car is actually the
**manufacturer's invoice.
**dealer's retail price.
**manufacturer's suggested retail price.
**dealer's invoice.
25. State laws that protect consumers against defective vehicles are known as
**blue laws
**orange laws
**red laws
**lemon laws
27. Most lenders require that a borrower's mortgage debt service ratio be no more than 28 percent of their
**assets.
**equity.
**income.
**overall debt.
30. Closing costs on the purchase of a house
**increase the amount of cash available for the down payment.
**reduce the amount of cash available for the down payment.
**are paid by the lender.
**increase the mortgage insurance premium.
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