
Chapter 18 Review
Authored by Shannon Allred
Business
9th - 12th Grade
Used 1+ times

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30 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The privilege of using someone else's money for a period of time is
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___ is the amount that is promised to be paid.
Interest rate
Time
Principal
Maturity date
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The days or months for the date of the note until it should be paid is
interest rate
time
principal
maturity date
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The date on which the note is due is the ___.
interest rate
time
principal
maturity date
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rate paid for the use of the money is the ___.
interest rate
time
principal
maturity date
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the formula for calculating simple interest? (put a space after each character)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a benefit of credit?
useful in emergencies
paying lower prices
convenience
immediate possession
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