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Chp. 16 Credit

Authored by Katy Heller

Business

10th Grade

4 covered

Used 5+ times

Chp. 16 Credit
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11 questions

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1.

MATCH QUESTION

2 mins • 5 pts

Match the following

Credit Risk

A company that collects past-due bulls for a fee.

Credit Report

One party lends another party goods or money with the understanding that it will be paid back later.

Collection Agency

A numerical measure of a loan applicant's creditworthiness

Credit Score

The potential of credit not being repaid

Credit

A record of credit history and financial behavior.

Tags

4.4.1

2.

MATCH QUESTION

2 mins • 5 pts

Match the following

Credit Policy

The total amount of money borrowed.

Principal

Credit granted based on a signed credit agreement.

Finance Charge

A set of guidelines used to determine how many and which customers are approved for credit.

Creditor

Total amount paid by a borrower to a lender for the use of credit.

Unsecured Credit

The party extending the credit.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The party receiving credit is known as ____

creditor

debtor

principal

credit agency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit loans that require collateral are known as

secured credit

unsecured credit

open-end credit

installment loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of a proprietary credit card issuer?

Target

BP

Visa

Sears

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three Cs of credit are character, capacity, and ___.

Consumer

Cash

Co-signer

Capital

7.

DRAG AND DROP QUESTION

1 min • 1 pt

A loan for a specific amount of money that must be repaid with interest by a specified date or according to a specified schedule is ​ (a)   credit.

closed-end
open-end
trade
line of
installment
business

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