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Economics Ch. 4

Authored by WENDY LYNETTE TUCKER

Social Studies

12th Grade

Used 2+ times

Economics Ch. 4
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A yearly fee that's charged by the credit card company for the convenience of the credit card.

annual fee

annual percentage rate (APR)

credit report

credit score

2.

MULTIPLE CHOICE QUESTION

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.

annual fee

annual percentage rate (APR)

credit report

credit score

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A detailed report of an individual's credit history.

annual fee

credit card

credit report

credit score

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of card issued by a bank that allows users to finance a purchase.

annual fee

credit card

credit report

credit score

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A measure of an individual's credit risk; calculated from a credit report using a standardized formula

annual fee

credit card

credit report

credit score

6.

MULTIPLE CHOICE QUESTION

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

loan term

depreciation

inflation

loan financing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease or loss in value

loan term

depreciation

inflation

loan financing

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