CM Unit 7 Vocab
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•10 Qs
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CM Unit 7 Vocab
Quiz
•
Mathematics
•
11th - 12th Grade
•
Medium
+7
Standards-aligned
Alexa Croce
Used 1+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Law that sets a limit on the maximum rate of interest a lender may charge a borrower (i.e. a credit card company could charge a consumer)
Universal Default
Unsecured Debt
Usury Law
Line of Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee you pay every year for using a credit card
Line of Credit
Annual Fee
Late Fee
APR
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee that you are charged if you are late with a credit card payment
Annual Fee
Unsecured Debt
Revolvers
Late Fee
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What credit card companies call people who do not pay off their credit cards at the end of the month.
Revolvers
Unsecured Debt
Deadbeats
Universal Default
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An indication of how likely you are to pay your credit card bill
Usury Laws
Line of Credit
Universal Default
FICO Score
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan for which there is no collateral to be collected if the money is not repaid. These types of loans give rise to higher interest rates.
Universal Default
APR
Unsecured Debt
FICO Score
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A set amount of money you are allowed to borrow.
Line of Credit
Late Fee
Usury Laws
APR
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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