Consumer Math A Exam Review

_____ is exchanging one good for another without using money.

• Credit

• Barter

• Negotiating

• Brokering

A _____ has to be paid in full on the due date.

• charge card

• credit card

• debit card

• check card

The _____ is the original amount owed on a loan.

• loan due

• interest

• available balance

• principal

APR is used to calculate the _____.

• loan amount

• interest accrued

• principal

• future earnings

To compute how one currency compares to another, you must use the _____.

• negotiated rate

• exchange rate

• agreement rate

• bartered rate

When you owe money to another lender, you are a _____.

• debtor

• lendee

• loanee

• creditor

A _____ takes money directly from a checking account.

• charge card

• debit card

• credit card

• cash transaction

When building a credit history, you should have a credit card with a _____, and you should pay it in full, on time, every time.

• High interest rate

• High credit limit

• Low interest rate

• Low credit limit

FICO is your ____.

• credit profile

• credit history

• credit score

• debt ratio

The house in relationship to its mortgage is considered _____.

• collateral

• debt

• credited

• equity