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Worksheets25.1 Business
Total questions: 10
Worksheet time: 5mins
The type of credit that people use for personal reasons is called ______credit.
consumer
individual
personal
retail
Credit used by a manufacturer to buy raw materials is called _________credit.
commercial
contract
long-term
multi-purpose
A ________is a measure of a person’s ability and willingness to pay debts on time.
credit limit
credit line
credit rating
credit scorecard
In today’s society using credit is _________.
difficult
routine
time consuming
uncommon
Credit __________the growth of our economy
contributes to
controls
does not impact
stifles
If you buy something on credit and take six months to pay for it, your total payments will __________the original purchase price.
be equal to
be less than
be more than
not be affected by
If a consumer has a $10,000 credit limit on a credit card and an outstanding balance of $7,500, the cardholder can charge _________more to the card.
$2500
$7500
$10,000
$17,500
When you use a credit card, it is money you ______.
owe
own
need
save
Late or missed payments to credit card companies _________ your credit rating.
do not affect
limit
lower
raise
When businesses borrow money they often pass along the cost of interest to consumers in the form of _______.
finance charges
higher prices
interest and fees
lower wages
