
Spending unit
Quiz
•
Other
•
12th Grade
•
Practice Problem
•
Hard
Zoe Williams
FREE Resource
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61 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who receives something with a promise to return it or its equivalent.
Borrower
Closed-ended credit
Co signer
Credit score
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan of a certain amount of money that a borrower must repay in a specified number of equal payments, also known as installment credit
borrower
closed- end credit
Collection agency
Co signer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business hired by lenders to pursue payments on debts that borrowers have not paid back according to the terms of credit contract
collection agency
co signer
borrower
credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who is equally responsible for paying back debt under the credit terms
Co-signer
Borrower
Credit
Lender
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refers to goods, services, and or money received in exchange for a promise to pay back a definite sum of money at a future date
Credit
Lender
Borrower
Tax lien
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A record of the borrower's past loans and credit related transactions
Credit history
Credit limit
Credit report
Credit score
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum dollar amount that can be borrowed
Credit limit
credit score
credit report
credit history
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