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WorksheetsCredit Vocabulary
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
privilege of using someone else's money for a period of time is ?
a)
budget accounts
b)
credit
c)
finance charge
d)
installments
2.
Total dollar cost of credit is ?
a)
finance charge
b)
revolving accounts
c)
installment
d)
budget accounts
3.
Property used as security is ?
a)
a promissory note
b)
down payment
c)
collateral
d)
savings
4.
repaying a loan in specified amounts is?
a)
finance charge
b)
installments
c)
loan credit
d)
collateral
5.
a payment of part of a purchase price is?
a)
down payment
b)
installment
c)
promissory note
d)
collateral
6.
a written promise to repay a loan based on a debtor's excellent credit history.
a)
cosigner
b)
a promissory note
c)
collateral
d)
interest rate
7.
A person responsible for payment of a loan if another person does not pay is a
a)
cosigner
b)
debtor
c)
creditor
d)
consumer
8.
a person's reputation for paying bills on time is known as?
a)
creditor
b)
credit rating
c)
cosigner
d)
banker
9.
making purchases at any time, but only part of the debt must be paid each month. This is ?
a)
Regular Accounts
b)
Budget Accounts
c)
Revolving Accounts
d)
None of the answers
10.
A maximum amount of money may be owed at one time is ?
a)
credit limit
b)
credit cards
c)
credit loan
d)
trade credit
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