POB Ch 26 & 27

POB Ch 26 & 27

10th Grade

30 Qs

quiz-placeholder

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POB Ch 26 & 27

POB Ch 26 & 27

Assessment

Quiz

Business

10th Grade

Medium

Created by

INGRID YANCEY

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit cards

come with a cost.
always have the same interest rate.
are available to everyone.
allow credit card holders to pay less for merchandise.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To qualify for a low interest APR, consumers should

earn a lot of money.
owe no money.
pay their bills on time.
have an advanced degree.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of this chapter, interest is

the amount of money charged to borrow money.
something that is intriguing.
the amount of money a company pays a borrower to use their credit card.
your curiosity.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a borrower is late making a payment, a credit card company may

charge less interest until they catch up.
lower their monthly fee.
overlook the late payment until the borrower decides to pay.
charge a higher fee to use the card.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In terms of creditworthiness, capacity refers to

a borrower’s trustworthiness in repaying a debt.
the ability to repay a loan.
the amount of money a borrower owes.
a borrower’s character.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who consistently make the minimum payment required by a credit card company usually

pay off their balances quickly.
pay more interest.
pay less interest.
have a number of credit cards.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mortgage is a loan secured by

automobiles.
appliances.
property.
stock options.

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