Spending unit

Spending unit

12th Grade

•

61 Qs

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BUSINESS FINANCE LONG QUIZ 4TH QUARTER

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12th Grade

•

61 Qs

Spending unit

Spending unit

Assessment

Quiz

•

Other

•

12th Grade

•

Practice Problem

•

Hard

Created by

Zoe Williams

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61 questions

Show all answers

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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