My Financial Theory Journey to Financial Freedom

20May/111

Math Help Please? I Have To Pass This Class…?

1. _____ is exchanging one good for another without using money. (1 point)
Credit
Barter
Negotiating
Brokering
2. A _____ has to be paid in full on the due date. (1 point)
charge card
credit card
debit card
check card
3. The _____ is the original amount owed on a loan. (1 point)
loan due
interest
available balance
principal
4. APR is used to calculate the _____. (1 point)
loan amount
interest accrued
principal
future earnings
5. To compute how one currency compares to another, you must use the _____. (1 point)
negotiated rate
exchange rate
agreement rate
bartered rate
6. When you owe money to another lender, you are a _____. (1 point)
debtor
lendee
loanee
creditor
7. A _____ takes money directly from a checking account. (1 point)
charge card
debit card
credit card
cash transaction
8. When building a credit history, you should have a credit card with a _____, and you should pay it in full, on time, every time. (1 point)
high interest rate, low credit limit
high interest rate, high credit limit
low interest rate, low credit limit
low interest rate, high credit limit
9. FICO is your ____. (1 point)
credit profile
credit history
credit score
debt ratio
10. The house in relationship to its mortgage is considered _____. (1 point)
collateral
debt
credited
equity

Comments (1) Trackbacks (0)
  1. 1. barter
    3. principal
    6. exchange rate (but its misleading sometimes; the BURGER STANDARD is more informative)
    10. collateral
    ( I don’t have a credit card, so I dunno most of those. )


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