Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
BML 18-1
Test Description: Business Management and Law Ch 18 - Personal Credit; first set
Instructions: Answer all questions to get your test result.
1) Anyone who buys on credit is called a
A
fool
B
noob
C
creditor
D
debtor
2) If a debtor does not repay a loan secured by the item purchased on credit, the creditor has the right to
A
repossess the item.
B
physically attack the debtor.
C
party.
D
remain silent.
3) A person's reputation for paying bills on time.
A
credit rating
B
credit report
C
capital
D
capacity
4) Signing a promissory note occurs when using
A
a credit card.
B
poor judgment.
C
a loan.
D
a charge account.
5) Interest rates are stated
A
on a per-year basis.
B
based on the length of he loan.
C
on a per-month basis.
D
vewwy vewwy qwuietly.
6) An item put up as security against a loan is called
A
trade credit.
B
promissory note.
C
a police officer.
D
collateral.
7) __________ refers to a person's ability to pay a debt when it is due.
A
Capital
B
Cacophony
C
Capacity.
D
Character
8) A person's reputation for paying bills on time relates to a person's
A
capital
B
collateral
C
capacity
D
character
9) KWYS stands for
A
kill what you see
B
keep what you steal
C
know what you're signing
D
kiss while you sleep
10) All of the following are benefits of credit EXCEPT
A
savings
B
immediate possession
C
overbuying
D
convenience
*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?