Credit Quiz-Management
Authored by Antoinette Godfrey
Business
11th - 12th Grade
Used 52+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of using credit is impulse buying
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital refers to a person’s assets.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is principal?
The fee that is paid to borrow money
The rate lenders charge borrowers for money.
The non-interest portion of a loan.
The paying off of a debt with a fixed repayment schedule in regular installments over a period of time.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paying your bills on time is a characteristic of:
capital
character
capacity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having a steady job is an example of:
character
capacity
capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Installment credit usually allows a person to make additional purchases on an account.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A common advantage of using credit is:
less impulse buying
lower cost for items purchased
lower chance of overspending
ability to obtain needed items now
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