Question 1

Debit cards are often called:

Accepted Answer

A) bank cards. 
B) ATM cards. 
C) cash cards. 
D) check cards. 
E) All of these 
A) bank cards. 
B) ATM cards. 
C) cash cards. 
D) check cards. 
E) All of these

Question 2

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

Accepted Answer

A) True 
 B)False

Question 3

If you believe you have been refused credit due to discrimination,what are three steps you can take?

Accepted Answer

1.Complain to the creditor.Let the credi

Question 4

Mortgage loans,automobile loans,and installment loans for purchasing furniture or appliances are examples of:

Accepted Answer

A) a line of credit. 
B) a credit card loan. 
C) open-end credit. 
D) closed-end credit. 
E) convenience credit. 
A) a line of credit. 
B) a credit card loan. 
C) open-end credit. 
D) closed-end credit. 
E) convenience credit.

Question 5

In evaluating your credit application,a lender may:

Accepted Answer

A) ask your age. 
B) deny you credit if you are on public assistance. 
C) require your parent's address. 
D) decrease your credit because of your age. 
E) discriminate against your race and nationality. 
A) ask your age. 
B) deny you credit if you are on public assistance. 
C) require your parent's address. 
D) decrease your credit because of your age. 
E) discriminate against your race and nationality.

Question 6

Charles Rickman is applying for a loan from the bank.The bank has determined that he has never been late making payments on past loans.Which of the 5 Cs of credit is the bank looking at?

Accepted Answer

A) Character 
B) Capacity 
C) Capital 
D) Collateral 
E) Conditions 
A) Character 
B) Capacity 
C) Capital 
D) Collateral 
E) Conditions

Question 7

Closed-end credit is used for a specific purpose and involves a specified amount.

Accepted Answer

A) True 
 B)False

Question 8

If someone has stolen your identity,the Federal Trade Commission recommends that you contact the fraud departments of each of the three major credit bureaus.

Accepted Answer

A) True 
 B)False

Question 9

Single lump-sum credit is a loan that must be repaid in total on a specified day,usually within 30 to 90 days.

Accepted Answer

A) True 
 B)False

Debit cards are often called:

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

If you believe you have been refused credit due to discrimination,what are three steps you can take?

Mortgage loans,automobile loans,and installment loans for purchasing furniture or appliances are examples of:

In evaluating your credit application,a lender may:

Charles Rickman is applying for a loan from the bank.The bank has determined that he has never been late making payments on past loans.Which of the 5 Cs of credit is the bank looking at?

Closed-end credit is used for a specific purpose and involves a specified amount.

If someone has stolen your identity,the Federal Trade Commission recommends that you contact the fraud departments of each of the three major credit bureaus.

Single lump-sum credit is a loan that must be repaid in total on a specified day,usually within 30 to 90 days.

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

Choosing a Source of Credit: the Costs of Credit Alternatives

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 6: Introduction to Consumer Credit

Debit cards are often called:

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

If you believe you have been refused credit due to discrimination,what are three steps you can take?

Mortgage loans,automobile loans,and installment loans for purchasing furniture or appliances are examples of:

In evaluating your credit application,a lender may:

Charles Rickman is applying for a loan from the bank.The bank has determined that he has never been late making payments on past loans.Which of the 5 Cs of credit is the bank looking at?

Closed-end credit is used for a specific purpose and involves a specified amount.

If someone has stolen your identity,the Federal Trade Commission recommends that you contact the fraud departments of each of the three major credit bureaus.

Single lump-sum credit is a loan that must be repaid in total on a specified day,usually within 30 to 90 days.

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

Choosing a Source of Credit: the Costs of Credit Alternatives

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