Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Unit 4 Credit Review
Test Description: Review for Personal Finance Unit 4 Credit Test
Instructions: Answer all questions to get your test result.
1) A charge for setting up a loan that is typically associated with home loans.
A
finance charge
B
principal
C
origination fee
D
late fee
2) The total amount of what it costs you to use credit in a given year; expressed as a percentage of the amount borrowed.
A
Annual Percentage Rate
B
finance charge
C
interest
D
late fee
3) The entire amount of money you owe to lenders
A
credit
B
debt
C
finance charge
D
credit report
4) Maximum amount of credit a lender will extend to the customer
A
credit score
B
credit report
C
credit cap
D
credit limit
5) A record of how you have repaid your credit obligations
A
credit payments
B
credit past
C
credit history
D
credit record
6) This is included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.
A
late payment clause
B
shame on you clause
C
negative credit clause
D
universal default clause
7) The length of time you have to pay off a loan
A
loan time period
B
loan extension
C
loan term
D
loan time frame
8) A fee on credit cards for making charges over your credit limit
A
over-the-limit fee
B
late fee
C
annual fee
D
origination fee
9) How many free credit reports can you get per year from each of the three credit reporting agencies?
A
4
B
1
C
3
D
2
10) Requests for an individual's credit report
A
credit obligations
B
pursuit of new credit
C
credit requests
D
credit inquiries
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?