Consumer Skills U3

An example of a status symbol is:

• a toaster

• real jewels

• a food mixer

INterest Charged on your charge account is a:

• finance charge

• service charge

• credit charge

The merchandise stays in the store when you use:

• open-ended credit

• installment credit

• lay-away

Only members may use a:

• bank

• credit union

• finance company

The borrower is the:

• ceditor

• lender

• debtor

A business that keeps files on personal paying habits from various sources is:

• credit bureau

• bank

• finance company

When buying on the installment plan you are required to make a:

• down payment

• rebate

• loan

The length of time that a product will last is its level of:

• warranty

• credit worth

• durability

A credit card which might be used to pay for gas only is:

• VISA

• MasterCard

• Standard Oil Card

Another name for "lender" is:

• creditor

• co-sogner

• deptor