Question 1

What are the various methods used to calculate the credit card balance on which interest is calculated?

Accepted Answer

The various methods used to calculate th

Question 2

Your only choice in declaring personal bankruptcy is through an assignment in bankruptcy.

Accepted Answer

A) True 
 B)False

Question 3

You want to borrow $100 for a year at an annual rate of 8% compounded semi-annually.The effective annual rate of the loan is 8.04 percent.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time?

Accepted Answer

A)  Assignment in bankruptcy 
B)  Frequent payment plan 
C)  Consumer proposal 
D)  A and B are correct 
E)  A,B and C are correct 
A)  Assignment in bankruptcy 
B)  Frequent payment plan 
C)  Consumer proposal 
D)  A and B are correct 
E)  A,B and C are correct

Question 5

By evaluating your credit options,you can

Accepted Answer

A)  reduce your finance charges. 
B)  reconsider your decision to borrow money. 
C)  discover a less expensive type of loan. 
D)  find a lender that charges a lower rate. 
E)  reduce your finance charges,reconsider your decision to borrow money,discover a less expensive type of loan,and find a lender that charges a lower rate. 
A)  reduce your finance charges. 
B)  reconsider your decision to borrow money. 
C)  discover a less expensive type of loan. 
D)  find a lender that charges a lower rate. 
E)  reduce your finance charges,reconsider your decision to borrow money,discover a less expensive type of loan,and find a lender that charges a lower rate.

Question 6

The fairest method of calculating interest is the average daily balance method.

Accepted Answer

A) True 
 B)False

Question 7

The shorter the term of the loan the greater the amount of interest charges that must be paid.

Accepted Answer

A) True 
 B)False

What are the various methods used to calculate the credit card balance on which interest is calculated?

Your only choice in declaring personal bankruptcy is through an assignment in bankruptcy.

You want to borrow $100 for a year at an annual rate of 8% compounded semi-annually.The effective annual rate of the loan is 8.04 percent.

Which of the following allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time?

By evaluating your credit options,you can

The fairest method of calculating interest is the average daily balance method.

The shorter the term of the loan the greater the amount of interest charges that must be paid.

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Accounts

Consumer Credit: Advantages, Disadvantages, Sources, and Costs

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Daily Spending Diary

Filters

Exam 6: Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

What are the various methods used to calculate the credit card balance on which interest is calculated?

Your only choice in declaring personal bankruptcy is through an assignment in bankruptcy.

You want to borrow $100 for a year at an annual rate of 8% compounded semi-annually.The effective annual rate of the loan is 8.04 percent.

Which of the following allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time?

By evaluating your credit options,you can

The fairest method of calculating interest is the average daily balance method.

The shorter the term of the loan the greater the amount of interest charges that must be paid.

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Accounts

Consumer Credit: Advantages, Disadvantages, Sources, and Costs

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Daily Spending Diary

Filters