Final Exam 2023-24 Review I

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

the money paid by the borrower to the lender for the use of the lender's money

• interest
• savings plan
• scarce
• purchase

Tags

CCSS.7.RP.A.3

The least amount that must be paid on a credit card each month is

• Late Fee
• Credit Limit
• Payment amount
• Minimum Payment

Tags

CCSS.7.RP.A.3

The maximum amount you may borrow on a credit card is known as:

• creditworthiness
• credit report
• credit limit
• variable rate of credit

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What does APR mean?

• Average Person Ratio
• Annual Percentage Rate
• Always Poke Robots
• Apples Peas & Rice

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

Someone who promises to pay if the borrower fails to pay

• Character

• Cosigner

• Subscriber

• Not this one

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Withdraw

• Keeping track of money

• Taking money out of bank account

• Putting money in bank account

Tags

CCSS.6.NS.B.3

What is important in establishing good credit?

• Making payments on time

• Being late on payments

• Spending 100% of your credit limit

• Missing a payment

The highest FICO score possible is:

• 1600

• 1000

• 850

• 700

Tags

CCSS.HSN.CN.A.2

Which one of these is NOT one of the 3 main Credit Bureaus?

• Equifax

• Experian

• FICO

• TransUnion