Unit 3 Vocabulary

Unit 3 Vocabulary

9th - 12th Grade

17 Qs

quiz-placeholder

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Unit 3 Vocabulary

Unit 3 Vocabulary

Assessment

Quiz

others

9th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total dollar amount of all interest and fees you pay for the use of credit.
Finance Charge
Billing Statement
Creditor
Line of Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The least amount you may pay each month under your credit agreement.
Capacity
Creditor
Collateral
Minimum Payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of property you possess after deducting your debts.
Debtor
Capital
Character
Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A determination that you are a good credit risk.
Grace Period
Credit Report
Creditworthy
Credit Bureau

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The complete record of your borrowing and repayment performance.
Finance Charge
Credit Report
Open-End Credit
Closed-End Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A loan for a specific amount that must be repaid in full, including all finance charges, by a stated due date.
Finance Charge
Creditor
Character
Closed-End Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit arrangement that enables a borrower to use credit up to a stated limit.
Debtor
Capital
Open-End Credit
Credit Bureau

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