WorksheetsCh4 L4 & L5
Total questions: 8
Worksheet time: 6mins
The loss in value of an asset overtime is called...
Depreciation
Negative Equity
Appreciation
Asset Decline
Match the following credit card fees to the proper description.
Annual Fees
A yearly payment to own a certain card.
Balance Transfer Fee
Moving money onto your credit card.
Cash Advance Fee
Borrowing money on your credit card.
Finance Charge
Interest earned on late payments.
Over-Limit Fee
You spent more than your credit limit.
The average credit card debt of 30 year old's in the US is ____
$250
$4200
$7000
$13,000
The average credit card debt in the US for 18 year old's is ___
$150
$700
$1,200
$5,500
What age must you be in order to take out a credit card on your own in MOST cases?
16
18
21
26
When the value of an asset falls below what you paid for it, that is called...
Depreciation
Negative Equity
Appreciation
Asset Decline
On average, a car loses (a) of it's value within the first year, leading to (b) .
True or False: Car dealerships make no money off of financing vehicles/
True
False
