
Bus Foundations Chapter 15
Quiz
•
Architecture, Business
•
9th - 12th Grade
•
Medium
Nancy Harris
Used 22+ times
FREE Resource
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a time period during which no finance charges are added to a credit card
annual percentage rate
net income
grace period
open-end credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an agreement to be responsible for loan payments if another person fails to make them
line of credit
bankruptcy
collateral
cosigning
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a last resort legal process in which some or all of the assets of a debtor are distributed among creditors because the debtor is unable to pay his or her debts
creditor
bankruptcy
annual percentage rate
credit rating
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the ability to borrow money for goods and services up to a limit set by the company issuing the credit
cosigning
collateral
line of credit
open end credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an entity (bank, finance company, credit union, business, or individual) to which money is owed
creditor
credit rating
collateral
open-end credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the measure of a person’s ability to make credit payments on time
credit rating
grace period
creditor
annual percentage rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the income a person receives
credit rating
net income
collateral
line of credit
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