econ vocab quiz test 3

the annual rate of interest that is paid on an investment or charged for borrowing

• Annual percentage rate (APR)

• credit report

• deductible

• installment loans

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

the amount that must be paid for insurance coverage kicks in

• deductible

• premium

• annual percentage rate (APR)

• installment loans

the amount paid for an insurance policy

• premium

• deductible

• bankruptcy

• identity theft

a legal proceeding involving a person or business that is unable to repay their outstanding debts

• bankruptcy

• phishing

• skimming

• identity theft

loans repaid at regularly scheduled intervals

• installment loans

• annual percentage rate (APR)

• deductible

• premium

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

a card reader that is placed on top of business's ATM or card readers that steals info about your card

• skimming

• phishing

• identity theft

• bankruptcy

emails looking to obtain your personal info

• phishing

• skimming

• identity theft

• bankruptcy

the illegal use of someone else's personal info, especially to obtain money or credit

• identity theft

• skimming

• phishing

• bankruptcy