Budget 8-11 Major Grade

A credit card issued through a credit union would be an example of a ​ (a)   card.

• bank
• travel and entertainment
• store
• proprietary

The grace period refers to the time:

• taken to process a credit card application

• for paying an account without an interest charge

• allowed to notify a creditor of a billing error

• used for calculating interest

Comparing the APR among several credit cards allows you to obtain the:

• lowest grace period

• lowest annual fee

• . lowest interest rate

• least expensive method of calculating interest

If a billing error occurs on a credit statement, a consumer has ​ (a)   days to notify the creditor.

• 60
• 30
• 90
• 120

The most reliable source for buying a used car is usually:

• a rental car company

• a police auction

• a car dealer

• private party sales

​ (a)   warranty refers to the fact that a product will do what it is designed to do.

• An implied
• An extended
• A dealer
• An unexpired manufacturer's

The Truth in Lending Act requires that borrowers be informed of the:

• amount financed

• cost of auto insurance

• features of an extended warranty

• reasons a person has been denied credit

The auto insurance coverage for damage to your vehicle as a result of an accident is called:

• property damage

• comprehensive

• liability

• collision

Doctor costs for injuries to others resulting from an accident are covered by ​ (a)   liability.

• bodily injury
• medical
• collision
• comprehensive

Advertisements using a well known person are examples of the ​ (a)   advertising technique​

• endorsement
• status
• unfinished comparison
• peer approval