PF Unit 4 Test
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
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32 questions
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1.
FLASHCARD QUESTION
Front
Value of property you own such as bank accounts investments real estate, after deducting debts.
Back
Capital
2.
FLASHCARD QUESTION
Front
The use of someone else's money borrowed now and agreed to pay back later.
Back
Credit
3.
FLASHCARD QUESTION
Front
Property pledged to assure repayment of a loan.
Back
Collateral
4.
FLASHCARD QUESTION
Front
The total dollar amount of all interest and fees you pay for credit.
Back
Finance Charge
5.
FLASHCARD QUESTION
Front
Established amount that can be borrowed on demand with no collateral.
Back
Line of Credit
6.
FLASHCARD QUESTION
Front
Open ended credit
Back
Borrower can use credit up to a stated limit
7.
FLASHCARD QUESTION
Front
APR
Back
Cost of credit expressed as a yearly percentage.
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