Credit Debt/Antitrust Review

Credit means you ________now and ________ it back later.

• Borrow, Pay

• Pay, Borrow

• Pay, Pay

• Borrow, Borrow

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

How can you go to college and not get a student loan?

• Scholarships

• Grants

• Scholarships and Grants and go to a Work Study Program

• Get good grades

What is a mortgage?

• Car loan

• business loan

• Home loan

The credit company can charge interest if the credit card bill is not paid in full by the due date.

• True
• False

The least amount that must be paid on a credit card each month is

• Minimum Payment
• Late Fee
• Credit Limit
• money time

How can a cardholder avoid paying interest on a credit card?

• Pay the balance in full every month
  
• Pay the minimum payment after its due date
• Do not pay anything
• Pay the minimum balance every month

an 1890 law that banned the formation of trusts and monopolies in the United States

• anti-trust laws

• Sherman Antitrust Act

• Clayton Antitrust Act

• Federal Trade Commission

laws to control monopoly power and to preserve and promote competition

• Clayton Antitrust Act

• Sherman Antitrust Act

• anti-trust laws

• Federal Trade Commission

A person who purchases goods and services for personal use

• consumer

• competition