Credit Management

Credit Management

9th Grade

45 Qs

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Assessment

Quiz

Geography

9th Grade

Practice Problem

Hard

Created by

Kristin Neal

Used 1+ times

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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest or money that is charged a borrower for the use of credit is the:

finance charge

collateral

capital

principal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an advantage of using credit?

it allows you to shop at one store

it is convenient

it is safer than carrying large sums of cash

it is useful in emergencies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is illegal to discriminate on the basis of which of the following in granting or denying credit?

bank affiliations

occupation

lawsuits

marital status

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debtor is:

person who borrows money

accumulated assets

assets pledged to ensure the repayment of debt

person who loans money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The creditor is

person who borrows the money

the person who lends the money

accumulated assets

assets pledged to assure repayment of a loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of bankruptcy that allows businesses to continue operating under court supervision as they repay their restructured debts is

involuntary

chapter 11

chapter 7

chapter 13

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

APR stands for

annual percentage rate

annuity per capita

average percentage rate

annual profit and revenue

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