Bus Foundations Chapter 15

Bus Foundations Chapter 15

9th - 12th Grade

25 Qs

quiz-placeholder

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Bus Foundations Chapter 15

Bus Foundations Chapter 15

Assessment

Quiz

Architecture, Business

9th - 12th Grade

Medium

Created by

Nancy Harris

Used 22+ times

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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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