Chp 6 Review- Consumer Credit
Authored by Wayground Content
Life Skills
10th - 12th Grade
Used 6+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the 5 C's of credit does your income affect?
Capacity
Character
Collateral
Credit History
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
_____ is an arrangement to receive cash, goods, or services now and pay for them in the future.
credit
creditor
collateral
net income
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
A (a) is a company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The legal process in which some or all of a debtor's assets are distributed among creditors because the debtor cannot pay his or her debts is called ______________
Debt Collection
Credit Counseling
Adjusted Repayment
Bankruptcy
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The usual trade-off of choosing small payments is ____.
Having a short payment period
Paying more in interest
Having variable interest rates
Pledging collateral
6.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Regarding Car Payments - Please solve for both A and B. Write your answers with dollar signs as well as the word "and" between your dollar figures. (ie. $1000 and $23,000)
(a)
7.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
_______ _______ is a crime in which someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception.
(a)
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