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Hunter: Credit

Authored by Bryan Hunter

Business

11th - 12th Grade

Used 8+ times

Hunter: Credit
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A mortgage in which the initial interest rate is normally fixed for a specified period of time after which it is reset periodically, often every month

APR

AER

ARM

FDIC

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A type of loan where you borrow money from your retirement savings account. You must pay that borrowed money back, plus interest, within 5 years of taking your loan, in most cases.

401K Loan

BBVA Loan

Social Security Loan

Payday Loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A yearly fee that may be charged for having a specific credit card, independent of how you use the card

Annual Fee

Service Charge

Overdraft Fee

Sales Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The cost you pay each year to borrow money, including fees, expressed as a percentage

APR

FDIC

FICA

Payday Loan

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The act of transferring debt from one credit card account to another, usually for a fee

Balance Transfer

Credit Card

Cash Advance

Mortgage

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A credit card service that allows cardholders to withdraw a certain amount of cash, either through an ATM or directly from a bank, typically at a high interest rate or for a fee

Cash Advance

Payday Loan

Deposit

Withdrawl

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A credit card benefit that pays the cardholder a small percentage of their net expenditures, often as cash, payment toward their balance, reward points, travel miles, or gift cards

Cash Back

United Air miles

Money back Guarantee

Gift Cards

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