Question 1

Before you sign a loan contract,make sure to:

Accepted Answer

A) explore other financing options. 
B) contact several lenders. 
C) know your rights under the law. 
D) compare terms,interest rates,and other fees. 
E) All of these 
A) explore other financing options. 
B) contact several lenders. 
C) know your rights under the law. 
D) compare terms,interest rates,and other fees. 
E) All of these

Question 2

If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6,what is her total cost of credit?

Accepted Answer

A) $6 
B) $15 
C) $21 
D) $69 
E) $74 
A) $6 
B) $15 
C) $21 
D) $69 
E) $74

Question 3

You can often obtain medium-priced loans from commercial banks,federal savings banks,and credit unions.

Accepted Answer

A) True 
 B)False

Question 4

You just received a credit card application.Which of the following are included with this application?

Accepted Answer

A) Minimum interest charges 
B) Annual percentage rate for purchases 
C) Penalty fees 
D) Method used to calculate balance 
E) All of these 
A) Minimum interest charges 
B) Annual percentage rate for purchases 
C) Penalty fees 
D) Method used to calculate balance 
E) All of these

Question 5

Overindulgence of children is a frequent reason for indebtedness.

Accepted Answer

A) True 
 B)False

Before you sign a loan contract,make sure to:

If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6,what is her total cost of credit?

You can often obtain medium-priced loans from commercial banks,federal savings banks,and credit unions.

You just received a credit card application.Which of the following are included with this application?

Overindulgence of children is a frequent reason for indebtedness.

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health,disability,and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

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Exam 7: Choosing a Source of Credit: the Costs of Credit Alternatives

Before you sign a loan contract,make sure to:

If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6,what is her total cost of credit?

You can often obtain medium-priced loans from commercial banks,federal savings banks,and credit unions.

You just received a credit card application.Which of the following are included with this application?

Overindulgence of children is a frequent reason for indebtedness.

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health,disability,and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters