Fool Proof Module 17 Review | 100% Correct Answers | Verified | Latest 2024 Version

Which answer best defines "opportunity cost"? A What it costs to take advantage of a great savings opportunity. B The value of the things you have to give up to get something else. C The amount you have to pay to do something. D The amount a seller paid to sell you a product. - B The value of the things you have to give up to get something else. Which of these are examples of opportunity cost? A You skip buying new jeans and put the money in your college fund. B You deposit your entire paycheck in your investment account instead of cashing it and taking your buddies out to eat. C You bring your lunch to your part-time job instead of spending $8 on lunch. You put the $8 in your savings account. D All of the above. - D All of the above. Which one of the following are examples of unnecessary debt? A You buy an expensive new car rather than a perfectly good used car. B You buy your groceries on Friday instead of coupon Monday.C You charge clothes you don't really need on a high-interest store credit card. D Both A and C. - D Both A and C. If you are saving money to buy a house in eight years your "time horizon" is: A Eight years. B Seven years. C Seven and a half years. D Ten years because of house expenses. -