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Debt and savings

Authored by Matt Burleson

Other

11th - 12th Grade

Used 5+ times

Debt and savings
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a finance charge?

The amount of money originally borrowed in a loan.
Cost of credit expressed monthly in dollars and cents.
Fees charged to savings accounts.
Cost of credit expressed as a yearly percentage.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A financial institution that is owned and operated by members to provide savings accounts and low interest loans is called what? 

Savings and loan
Credit Union
Commercial Bank
Savings Bank

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following would be considered a durable good?

Blouse
Gasoline
Hairbrush
Washing machine

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit score is intended to measure:

Your financial success
The risk of your not repaying debt
Your income level
The amount of money you have in the bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.

financing
annual percentage rate (APR)
lease
inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A detailed report of an individualʹs credit history

Credit Report
Cash Flow Statement

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A fee a bank, credit card, or lender charges to purchase something & pay for it over time

Dividend

Interest

Credit

Finance Rate

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