Base your answers on what you have read in this chapter. On a sep- arate sheet of paper, write T if the statement is true. If the statement is false, write F and explain why it is incorrect
1. Only the federal government helps consumers.
2. There is no guarantee on the safety of your savings deposit.
3. You should be able to tell by their order on the label the relative amounts of each vegetable in a can of mixed vegetables.
4. Lenders must tell borrowers the exact cost of borrowing money. 5. Drugs carrying the label USP are manufactured by the United
States Pharmacopoeia.
6. A magazine such as Consumer Reports always favors the products it reports on and rates.
7. If you think that you have been cheated by a merchant or profes- sional, you may complain or seek help from many different sources.
8. Consumers as well as business firms have a responsibility to be honest.
