Cost of Credit
Authored by Mrs. Beck
Biology
10th Grade
Used 1+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cost involved when an item is purchased on credit or with borrowed money
interest
interest rate
principal
simple interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan type where the APR can change throughout the life of the loan
fixed loan
long term loan
floating loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percent charged for borrowing money
compound interest
simple interest
interest
interest rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The add-in interest method
simple interest
compound interest
interest
interest rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan type where the APR does not change over the life of the loan
fixed loan
floating loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annual percentage rate
APR
CPR
ADR
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount of dollars borrowed
principal
interest
rate
time
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