Chapter 7-9 personal finance review game

What is the financial benefit of using a shopping list, using the buying process or comparison shopping?

• More organized

• Spending your money more wisely

• You will get more coupons

• Better relationships

Borrowing money and paying it back is defined as:

• Credit

• Debt

• Store card

• Revolving credit

• Charge Card

A charge agreement that can only be used with one company is known as:

• Credit

• Debt

• Store card

• Revolving credit

• Charge Card

An open loan that has a credit limit with different balances due each month is referred to as:

• Credit

• Debt

• Store card

• Revolving credit

• Charge Card

A corporate card that has an annual fee and business perks is known as:

• Credit

• Debt

• Store card

• Revolving credit

• Charge Card

Owing money

• Credit

• Debt

• Store card

• Revolving credit

• Charge Card

An item surrendered if you do not pay your loan is called:

• Consumer loan

• Collateral

• Service Credit

• Balloon payment

Large item loans with fixed payments over a certain number of years are known as:

• Consumer loan

• Collateral

• Service Credit

• Balloon payment

Making payments to a dentist, doctor or other provider is referred to as:

• Consumer loan

• Collateral

• Service Credit

• Balloon payment

The lowest amount you can pay on a credit card without incurring fines is called:

• Current balance

• Previous balance

• Minimum payment due

• Interest rate