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Missed Banking And Credit Exam ?'s
Test Description: Business
Instructions: Answer all questions to get your test result.
1) The total amount of money outstanding on a loan.The original amount of the loan
A
penalty
B
Principal
C
Capital
D
FDIC
2) net worth. property owned by a person, Bank account,Saving, Investments
A
ATM
B
Principal
C
Capacity
D
Capital
3) A fee charged for the use of credit
A
Financial plans
B
Finance Charge
C
Face value
D
debit card
4) an interest rate that remains constant over the entire term of the loan
A
Compound interest
B
Variable interest
C
Simple interest
D
Fixed Interest
5) ________are charged for the use of money, usually expressed at an annual rate.
A
debit card
B
Interest rates
C
Unsecured
D
less risk
6) Credit cards are considered _________
A
FDIC
B
penalty
C
revolving
D
less risk
7) Lamar believes that interest rates are going to fall in the near future and remain low for a considerable period of time. She should invest in:
A
Interest rates
B
Certificate of deposit
C
A long-term, fixed rate certificate of deposit
D
Fixed Interest
8) The principal amount of a bond that is repaid at the end of the term
A
Finance Charge
B
Face value
C
penalty
D
taxable
9) Most ________are issued with an interest rate that is fixed , and has the most predictable income?
A
Variable Interest
B
Time value of money
C
Certificate of deposit
D
Credit union
10) Interest earned only on the original amount or principal.
A
Simple interest
B
Variable interest
C
Compound interest
D
Fixed Interest
*select an answer for all questions
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