Wise Practice Pre-Test

Front

Outstanding amount of money that is owed on a credit card bill

Back

Balance

Front

Shows every credit card ever taken out; a report on a persons creditworthiness.

Back

Credit Report

Front

A rise in the general level of prices

Back

Inflation

Front

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Back

dividend

Front

Annual percentage rate (APR) is...

Back

The true cost of credit that must be disclosed on a loan agreement

Front

The best reason for depositing money in a bank or credit union savings account instead of keeping your money "under the mattress" is that money deposited in savings accounts are ____________________.

Back

insured.

Front

When a person brings an item to a pawnshop to obtain cash, the transaction is considered

Back

a collateralized loan

Front

Collateral is:

Back

Something of value that secures a loan to protect the lender.

Front

How can you avoid becoming a victim of identity theft?

Back

Avoid giving your Social Security number on a phone call you did not initiate.

Front

The total amount of earnings made over a one-year period after all deductions have been taken is known as:

Back

Net annual income