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WorksheetsConsumer Skills U3
Total questions: 20
Worksheet time: 10mins
An example of a status symbol is:
a toaster
real jewels
a food mixer
INterest Charged on your charge account is a:
finance charge
service charge
credit charge
The merchandise stays in the store when you use:
open-ended credit
installment credit
lay-away
Only members may use a:
bank
credit union
finance company
The borrower is the:
ceditor
lender
debtor
A business that keeps files on personal paying habits from various sources is:
credit bureau
bank
finance company
When buying on the installment plan you are required to make a:
down payment
rebate
loan
The length of time that a product will last is its level of:
warranty
credit worth
durability
A credit card which might be used to pay for gas only is:
VISA
MasterCard
Standard Oil Card
Another name for "lender" is:
creditor
co-sogner
deptor
A phrase known as "weasel words" in advertising are:
elegant
new and improved
discriminating
Putting a specific limit on the amount of credit available is called:
a line of credit
collateral
a budget
When a product is taken back from the buyer by the seller for non-payment, we say it has been:
loaned out
used as credit
repossessed
A person who agrees to pay a bill if the borrower does not is a:
co-signer
fool
good friend
Any item that has definite monetary value is able to be used as:
a down payment
collateral
an installment payment
I a person is legally unable to pay his debts, we say that he faces:
a jail term
bankruptcy
hard labor
A way of buying in which you can purchase goods or services and pay later is called:
credit
comparison shopping
savings
The one who owns your charge card is:
you
your parents
the store
Once you sign a contract:
you are bound by law to carry out its terms
you may break it if you wish
you may find a co-signer
Were you may apply for a loan:
credit unions
Better Business Bureau
both a and b
