PF End of Semester

The interest rate a credit card user will be charged on the unpaid portion of their balance

• High Rate Method

• Credit Bureau

• Credit

• Annual Percentage rate

A legal process that relieves debtors of the responsibility of paying their debts

or protects them while they try to repay

• Credit Utilization Rate

• High Rate Method

• Credit

• Bankruptcy

Attempted recovery of a past-due credit obligation debt by a collection agency

• Collections

• Net Worth

• Credit Bureau

• Debt Snowball Method

An agreement in which a borrower receives something of value

now and agrees to repay the lender in the future.

• Credit Score

• Annual Percentage Rate (APR)

• Credit

• Credit Bureau

Taylor is buying two new pair of shoes for $150 and $80 and they are on sale for buy one get one half off. How much did she spend? (the half off promotion only applies to the lower price pair of shoes)

• $230

• $190

• $155

• $115

Taylor is buying two new pair of shoes for $150 and $80 and they are on sale for buy one get one half off. (the half off promotion only applies to the lower price pair of shoes) The sales tax for this purchase is 6%. How much is her total including sales tax?

• 164.30

• $201.40

• $213.50

• $121.90

Richard is buying a new basketball for $25. He finds out that they are on sale for 15% off.

How much will Richard spend on the new basketball?

• $22.15

• $23.75

• $21.25

• $20

Sarah is buying a new sweatshirt for $40 and it is on sale for 20% off.

How much will Sarah pay for the sweatshirt?

• $29

• $32

• $35

• $30

John is purchasing a new laptop for $800 and it is on sale for 10% off.

How much will John pay for the laptop?

• $780

• $720

• $760

• $700

A method of paying off debt by making minimum payments on all debts except the smallest, which is paid as quickly as possible.

• Credit Utilization Rate

• High Rate Method

• Debt Snowball Method

• Debt Avalanche Method