Introduction to Personal Finance
Authored by John McLaughlin
Specialty
9th - 12th Grade
Used 6+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee you pay to borrow money
credit
loan
interest
debt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An obligation of repayment
credit
loan
interest
debt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debt evidenced by a "note" which shows principal amount, interest rate, and date of repayment (ex: mortgage)
credit
loan
interest
debt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The granting of a loan, or creation of debt
credit
loan
interest
debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person or organization that buys/uses goods or services
credit
consumer
interest
debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of these is NOT a reason credit is marketed so heavily to consumers in the US
There is a strong consumer demand for big ticket items (like houses, cars, tv's)
The credit industry has become extremely profitable
The use of credit is not socially acceptable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When it comes to managing money, success is 80% ________________
behavior
knowledge
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