econ vocab quiz test 3
Authored by Mckenzie Wood
Social Studies
12th Grade
Used 4+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the annual rate of interest that is paid on an investment or charged for borrowing
Annual percentage rate (APR)
credit report
deductible
installment loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a report on an individual's payment history, as well as details of bank and credit card accounts
credit report
annual percentage rate (APR)
skimming
premium
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount that must be paid for insurance coverage kicks in
deductible
premium
annual percentage rate (APR)
installment loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount paid for an insurance policy
premium
deductible
bankruptcy
identity theft
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a legal proceeding involving a person or business that is unable to repay their outstanding debts
bankruptcy
phishing
skimming
identity theft
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
loans repaid at regularly scheduled intervals
installment loans
annual percentage rate (APR)
deductible
premium
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
protects you against inaccurate credit billing and credit card practices. requires lenders to provide you with accurate information
the truth in lending act
ponzi schemes
fair credit reporting act
skimming
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