A) will send you a free copy of your credit report whenever you ask. B) may charge up to $20 for a copy of your credit report. C) are required to correct errors only when a creditor asks them to. D) All of these E) None of these A) will send you a free copy of your credit report whenever you ask. B) may charge up to $20 for a copy of your credit report. C) are required to correct errors only when a creditor asks them to. D) All of these E) None of these

Exam 6: Using Credit

You have a $926 balance on your credit card account.The minimum payment on your account is 2 percent of the latest balance or $20,whichever is greater.What will be the minimum payment this month?

(Essay)

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Question 121

Rebate card work best for those who use the rebates and

(Multiple Choice)

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Question 122

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The "preferred" way of stealing from consumers now is [through your credit card | stealing your car].

(Multiple Choice)

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Question 123

The APR on this account is 18%.Assuming the $926 does not include any interest charge,how much of your minimum payment will be used for interest?

(Essay)

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Question 124

A credit card user's credit rating will be harmed if she pays only the minimum monthly payment on a credit card.

(True/False)

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Question 125

When paying for something with a check,don't give your ____ number.

(Multiple Choice)

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Question 126

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select -An improper use of extended credit would be to buy a [car | vacation].

(Multiple Choice)

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Question 127

The "deleveraging" by consumers resulted,in part,from all but

(Multiple Choice)

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Question 128

Credit bureaus

(Multiple Choice)

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Question 129

Auto loans and mortgage loans are about equal in terms of their relative share of average household liabilities.

(True/False)

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Question 130

Clare's gross salary is $36,000 annually and her after-tax income is $28,800.What is Clare's maximum recommended monthly consumer credit payment?

(Multiple Choice)

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Question 131

Bank credit card cash advances will begin accruing interest charges immediately.

(True/False)

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Question 132

Sheldon has a home valued at $108,000 and an outstanding mortgage of $70,000.If his lender is willing to provide a home equity loan of up to 80% of market value,how much could Sheldon borrow using a home equity loan?

(Multiple Choice)

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Question 133

One should not use credit to purchase food,clothing,and other non-durables,even if it is only for convenience and the balance will be totally paid upon billing.

(True/False)

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Question 134

Interest will almost always begin to accrue immediately when you use a bank credit card to

(Multiple Choice)

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Question 135

The following are methods used to obtain personal information for identity theft except:

(Multiple Choice)

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Question 136

Borderline credit risks would most likely receive

(Multiple Choice)

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Question 137

After the Credit Card Act of 2009 was passed,late payments dropped but defaults increased.

(True/False)

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Question 138

To establish creditworthiness you probably should first

(Multiple Choice)

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Question 139

As a percent of take-home pay,monthly consumer credit payments should not exceed

(Multiple Choice)

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Question 140

Showing 121 - 140 of 178

You have a $926 balance on your credit card account.The minimum payment on your account is 2 percent of the latest balance or $20,whichever is greater.What will be the minimum payment this month?

Rebate card work best for those who use the rebates and

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The "preferred" way of stealing from consumers now is [through your credit card | stealing your car].

The APR on this account is 18%.Assuming the $926 does not include any interest charge,how much of your minimum payment will be used for interest?

A credit card user's credit rating will be harmed if she pays only the minimum monthly payment on a credit card.

When paying for something with a check,don't give your ____ number.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select -An improper use of extended credit would be to buy a [car | vacation].

The "deleveraging" by consumers resulted,in part,from all but

Credit bureaus

Auto loans and mortgage loans are about equal in terms of their relative share of average household liabilities.

Clare's gross salary is $36,000 annually and her after-tax income is $28,800.What is Clare's maximum recommended monthly consumer credit payment?

Bank credit card cash advances will begin accruing interest charges immediately.

Sheldon has a home valued at $108,000 and an outstanding mortgage of $70,000.If his lender is willing to provide a home equity loan of up to 80% of market value,how much could Sheldon borrow using a home equity loan?

One should not use credit to purchase food,clothing,and other non-durables,even if it is only for convenience and the balance will be totally paid upon billing.

Interest will almost always begin to accrue immediately when you use a bank credit card to

The following are methods used to obtain personal information for identity theft except:

Borderline credit risks would most likely receive

After the Credit Card Act of 2009 was passed,late payments dropped but defaults increased.

To establish creditworthiness you probably should first

As a percent of take-home pay,monthly consumer credit payments should not exceed

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

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