Search Header Logo

CREDIT 1

Authored by Shie Espino

Business

University

Used 2+ times

CREDIT 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In Month 1 of this loan it accounts for $1,041.50 of the payment. In Month 350, the debtor only need to pay 59.60 towards this amount. The cost of borrowing money is referred to as _______________.

Interest

Annual Percentage Rate

Credit

Credit line

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount charged if your payment is received after the billing due date.

late payment fee

overdue fee

withdrawal fee

loser fee

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The maximum amount you are allowed to carry as a balance on the card

Interest

Credit limit

ARP

All are correct

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

One of the 3 C's of credit that shows a person's willingness to pay is

Capital

Collateral

Character

Capacity

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Benefits of credit cards include:

safe and convenient, bonuses are offered

allows you to build a positive credit report

needed for reservations and online shopping

All of these

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one is considered a danger of using a credit card

No cash needed

leads to over spending

convenient

earns rewards

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Your credit score is not configured off of which of the following:

Payment history

Amount owed

Where you live

Length of credit history

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?