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Chapter 8 Personal Finance Vocab

Authored by Michael Cassidy

Business

11th - 12th Grade

Used 3+ times

Chapter 8 Personal Finance Vocab
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Take home pay, gifts, allowance, and interest.

gross income

net income

savings

collateral

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Smallest amount you can pay and remain in good standing.

grace period

maximum monthly payment

minimum monthly payment

line of credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest on principal only.

compound interest

net income

credit

simple interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total dollar amount you use to pay credit.

grace period

line of credit

credit

finance charge

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost of credit on a yearly basis.

APR

APY

ARM

ARY

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Measure of a person's ability and willingness to make payments on time.

credit rating

line of credit

open-end credit

colded-end credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Arrangement to receive cash, goods, or services now and pay later.

credit

line of credit

net income

collateral

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