Personal Finance - Credit
Authored by Monica Meyer
Mathematics
12th Grade
CCSS covered
Used 1+ times
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44 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the privilege of using someone else's money for a period of time called?
A) Credit
B) Debtor
C) Creditor
D) Loan Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is anyone who buys on credit or receives a loan?
A) Credit
B) Debtor
C) Creditor
D) Loan Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is one who sells on credit or makes the loan?
A) Credit
B) Debtor
C) Creditor
D) Loan Credit
Tags
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.5
CCSS.RI.6.5
CCSS.RI.7.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is borrowing a specific amount of money for a specific purpose called?
A) Credit
B) Debtor
C) Creditor
D) Loan Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is charging a purchase at the time you buy the good or service called?
A) Sales Credit
B) Loan Credit
C) Open-Ended Credit
D) Closed-Ended Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a one-time loan for a specific dollar amount, for a specific time period, and with specified payment amounts called?
Sales Credit
Loan Credit
Open-Ended Credit
Closed-Ended Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the payment of part of the purchase price up front when receiving a loan called?
A) Down Payment
B) Sales Credit
C) Open-Ended Credit
D) Closed-Ended Credit
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