Late or missed payments to credit card companies ___ your credit rating.

PERSONAL FINANCE - EXAM

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Leonard Brown
Used 5+ times
FREE Resource
75 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Do not affect
Limit
Lower
Raise
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When businesses borrow money, they often pass along the cost of interest to consumers in the form of ___.
Finance charges
Higher prices
Interest and fees
Lower wages
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Something of value the bank can take if a borrower does not make the required loan payments is called ___.
Capacity
Security
Collateral
Warrant
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A ___ advance is a loan given in cash by a credit card company in anticipation of the borrower's being able to repay it.
Cash
Payday
Quick
Trust
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The loan applicant's ability to repay the loan is called ___.
Capacity
Capital
Cash on hand
Collateral
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Proof of a loan applicant's trustworthiness to repay debts is called ___.
Cash on hand
Character
Competence
Correctness
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The amount of money the applicant has beyond his or her debts is called ___.
Capacity
Capital
Cash on hand
Collateral
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