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CM Unit 7 Vocab

Authored by Alexa Croce

Mathematics

11th - 12th Grade

CCSS covered

Used 1+ times

CM Unit 7 Vocab
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10 questions

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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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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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