Chapter 16 Credit

Chapter 16 Credit

6th - 8th Grade

20 Qs

quiz-placeholder

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Chapter 16 Credit

Chapter 16 Credit

Assessment

Quiz

Computers

6th - 8th Grade

Practice Problem

Medium

Created by

Christine Tidmore

Used 46+ times

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20 questions

Show all answers

1.

DRAG AND DROP QUESTION

45 sec • 1 pt

A company that collects past-due bills for a fee.​ ​ (a)  

collection agency
credit risk
credit score
unsecured credit

2.

DRAG AND DROP QUESTION

45 sec • 1 pt

The total amount paid by a borrower to a lender for the use of credit.​ (a)  

finance charge
credit risk
credit score
unsecured credit

3.

DRAG AND DROP QUESTION

45 sec • 1 pt

The amount of money borrowed. ​ (a)  

principal
credit risk
credit score
unsecured credit

4.

DRAG AND DROP QUESTION

45 sec • 1 pt

A numerical measure of a loan applicant’s creditworthiness at a particular point in time​ (a)  

credit score
credit risk
unsecured credit
credit policy

5.

DRAG AND DROP QUESTION

45 sec • 1 pt

A record of credit history and fi​nancial behavior for a business or individual.​ (a)  

credit report
credit risk
unsecured credit
credit policy

6.

DRAG AND DROP QUESTION

45 sec • 1 pt

An agreement between two parties in which one party lends money or provides goods or services to another party with the understanding that payment will be made at a later date​ (a)  

credit
credit risk
unsecured credit
credit policy

7.

DRAG AND DROP QUESTION

45 sec • 1 pt

Credit granted based on a signed credit agreement. (a)  

unsecured credit
credit risk
credit policy
principal
finance charge

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