Credit Management (tutorial)

Capital refers to a person’s assets.

• True

• False

Paying your bills on time is a characteristic of:

• capital

• character

• capacity

Having a steady job is an example of:

• character

• capacity

• capital

Installment credit usually allows a person to make additional purchases on an account.

• True

• False

APR is the _______ rate charged by a credit card.

• Interest

• Collateral

• Assets

• Credit Report

Monthly student loan payment

• Installment

• Revolving

• Single Payment

• Collateral

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

• Dividend

• Interest

• Credit

• Finance Rate

Tags

CCSS.7.RP.A.3

the total amount paid by a borrower to a lender for the use of credit

• finance charge

• open end credit

• closed end credit

My friend offered the bank his house as .... when he needed a loan.

• collateral

• debt

• term

• tenure

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

The bank will take possession of your car if you .... your car loan.

• pay off

• default on

• endorse

• compute

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4