Chapter 4
Assessment
•
Alicia Dunlap
•
Other
•
9th - 12th Grade
•
18 plays
•
Hard
Student preview
13 questions
Show all answers
1.
MULTIPLE CHOICE
30 sec • 1 pt
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan
2.
MULTIPLE CHOICE
30 sec • 1 pt
A decrease or loss in value
3.
MULTIPLE CHOICE
30 sec • 1 pt
A detailed report of an individual’s credit history
4.
MULTIPLE CHOICE
30 sec • 1 pt
Time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term
5.
MULTIPLE CHOICE
30 sec • 1 pt
Type of card issued by a bank that allows users to finance a purchase
6.
MULTIPLE CHOICE
30 sec • 1 pt
A measure of an individual’s credit risk;calculated from a credit report using a standardized formula
7.
MULTIPLE CHOICE
30 sec • 1 pt
A yearly fee that’s charged by the credit card company for the convenience of the credit card
8.
MULTIPLE CHOICE
30 sec • 1 pt
Preferred method of debt repayment;includes a list of all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments
9.
MULTIPLE CHOICE
30 sec • 1 pt
You must establish credit in order to buy a house
10.
MULTIPLE CHOICE
30 sec • 1 pt
If you are a victim of identity theft, you are only responsible for paying back half of the debt.
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