Borrowing Money

One good way to lower the cost of a loan is to _________.

• pay high interest

• take several years to pay

• make a large down payment

• pay the minimum balance every month

Another way to save on a loan is to _________.

• accept a car dealer's financing

• shop for the best loan bargain

• apply jointly with someone

• pay the highest interest possible

To get approved for a loan, you must ________.

• plan to pay it off early

• first pay all the interest

• fill out an application

• finance a car

A person jointly applying for a loan with you must _________.

• pay an extra finance charge

• pay off the loan if you don't

• not be asked any questions

• share the loan money with you

Many dealers offer to ________ large purchases.

• finance

• fineance

• financ

• fenance

The loan ________ is the amount borrowed, not including interest.

• principal

• principle

• prinsible

• princepel

If you make a large d____ p______, you won't have to borrow so much.

Your total ________ includes everything you earn, including wages and interest.

• income

• encome

• in comes

• incom

The less money you borrow, the _________ you'll pay in finance charges.

• more

• less

• greater

• interest

A high-interest loan will be _______ costly than a low-interest loan.

• more

• less

• interest

• principal