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WorksheetsCredit 1-15
Total questions: 16
Worksheet time: 8mins
What allows consumers to pay the manufacturer to purchase a car instead of going through a bank
Apr
Auto finance company
5 cs of credit
Cash advance
What is the amount remaining on an account
Balance owed
APR
Cash advance
Collateral
What is a business / financial institution that stores and manages money for individuals and other businesses?
A Bank
Credit card company
Auto finance company
What is bankruptcy?
when you cancel a credit card
legal process declaring yourself unable to pay debts
deciding who gets your money when you die
when you make a late payment
"fresh start"
bankruptcy chapter 7
bankruptcy chapter 11
bankruptcy chapter 13
reorganization for a business
bankruptcy chapter 7
bankruptcy chapter 11
bankruptcy chapter 13
reorganization for an individual
bankruptcy chapter 7
bankruptcy chapter 11
bankruptcy chapter 13
The cash received when money is borrowed on a credit card. Typically involve special fees and higher interest rates than when used for purchases.
Cash Advance
Balance
Minimum Payment
Loan
a credit card for use with an account that must be paid when a statement is issued
debit card
gift card
charge card
property used to assure the payment of a loan.
loan
debt
collateral
expense
You get a loan from only once source to pay for all of your loans. This is called:
an offsetting loan
a debt-consolidation loan
a single-payment loan
Which of the following statements is true about consumer Debt?
Debt is the amount of money you have in your checking account.
Debt that is incurred by a individual primarily for the purchase of goods and services
Debt is the ability to borrow money.
Debt is the amount of money you have in a savings account.
