Economics Semester Exam

Economics Semester Exam

Assessment

Flashcard

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Practice Problem

Hard

Created by

Wayground Content

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124 questions

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1.

FLASHCARD QUESTION

Front

Which of the following transactions would likely be difficult to make without a credit card? purchasing a car, buying groceries, reserving a hotel room, buying a house

Back

reserving a hotel room

2.

FLASHCARD QUESTION

Front

In the scenario where Tammi buys a stereo system for $500, withdraws $250 from her account, and obtains a loan from her parents for the rest, who is the debtor?

Back

Tammi

3.

FLASHCARD QUESTION

Front

The total dollar amount of all interest and fees you pay for the use of credit is called the

Back

finance charge.

4.

FLASHCARD QUESTION

Front

Which of the following is least likely to offer service credit? Options: the telephone company, a doctor's office, a furniture store, a dry cleaner

Back

a furniture store

5.

FLASHCARD QUESTION

Front

Credit reports are issued by

Back

credit bureaus.

6.

FLASHCARD QUESTION

Front

Which of the following might be included in your credit report? your marital status, your address, your occupation, all of the above can be included in your credit report

Back

all of the above can be included in your credit report

7.

FLASHCARD QUESTION

Front

Which of the following is NOT one of the three nationwide credit bureaus? CreditGuard, Equifax, Experian, TransUnion

Back

CreditGuard

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