Econ Unit 4

Front

What type of loan is the most risky? Options: Payday Loans, Credit Cards, Bank Loans, Credit Union Loans

Back

Payday Loans

Front

When you take money out of an account, it is called a

Back

Withdrawal

Front

Which of these is NOT one of the 5 Cs of credit? Cosign, Character, Collateral, Capacity

Back

Cosign

Front

What type of marketing is most trusted by consumers?

Back

Word of Mouth

Front

This type of bankruptcy allows the debtor to keep his or her property and pay debts over a period of 3-5 years.

Back

Chapter 13

Front

Which of these is a financial institution owned by the account holders? Credit Union, Check cashing outlet, Commercial Bank, Payday Loan Shop

Back

Credit Union

Front

The savings option that has a low return but is very liquid given that it is easy to convert to cash is a [blank].

Back

savings account

Front

Cory gives his friend money to buy a cheeseburger since he forgot his wallet at home, but expects to be repaid. This represents the financial service of:

Back

Lending

Front

Tax (action) is illegal.

Back

Evasion

Front

How long do you have to report a stolen debit card before you assume full liability?

Back

60 Days