Personal Finance Multiple Choice Test

The date on which a certificate of deposit is due is called the ____.

The interest or money that is charged a borrower for the use of credit is the ____.

The amount borrowed is known as the ____.

A very common source of cash loans is ____.

Since 1900, rates of interest on consumer loans have done which of the following?

Which of the following is not an advantage of using credit?

Property you possess that is worth more than your debts is called ____.

A loan for which the borrower pledges property to ensure repayment is a(n) ____.

Credit that can be used again and again (as long as the balance owed does not exceed the limit) is called ____.

Which of the following is not an example of service credit?

At which of the following will you probably get the lowest rate of interest for a consumer loan?

In case of error or inquiries about a bill, which of the following is true?

It is illegal to discriminate on the basis of which of the following in granting or denying credit?

Point systems can be based on all but which of the following personal factors?

Under the Consumer Credit Protection Act, if you report your credit card lost or stolen, your liability is limited to ____.

Which of the following is not information that can be obtained through public records?

Paying your bills on the day due or a few days late will earn you what type of credit rating?

The financial ability to repay a loan with present income is ____.

It is lawful for creditors to ask you for ____.

What legislation requires creditors to resolve billing errors within a specified period of time?

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