Debt Vocabulary

Debt Vocabulary

10th - 12th Grade

18 Qs

quiz-placeholder

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Debt Vocabulary

Debt Vocabulary

Assessment

Quiz

Business, Other

10th - 12th Grade

Medium

Created by

Shad McGuire

Used 60+ times

FREE Resource

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A yearly fee that is charged by the credit card company for the convenience of the credit card.

Tax Deduction

Annual Fee

Annual Percentage Rate (APR)

Introductory Rate

Loan Term

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

Tax Deduction

Annual Fee

Annual Percentage Rate (APR)

Introductory Rate

Loan Term

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An expense, such as a charitable contribution, that can be deducted from one's taxable income.

Tax Deduction

Annual Fee

Annual Percentage Rate (APR)

Introductory Rate

Loan Term

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.

Tax Deduction

Annual Fee

Annual Percentage Rate (APR)

Introductory Rate

Loan Term

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time.

Tax Deduction

Annual Fee

Annual Percentage Rate (APR)

Introductory Rate

Loan Term

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A decrease or loss in value.

Credit Card

Credit Report

Credit Score

Debt Snowball

Depreciation

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A measure of an individual's credit risk; calculated from a credit report using a standardized formula.

Credit Card

Credit Report

Credit Score

Debt Snowball

Depreciation

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