Finance Review: Question Preview (ID: 13499)

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A debit card represents
a) Money you are borrowing
b) Money you have in your checking account
c) Both A and B
d) Neither A or B

A loan to buy a home that is guaranteed by the property the loan is being used to purchase.
a) Principal
b) Grant
c) Credit
d) Mortgage

The average mortgage last how long?
a) 360 months
b) 30 years
c) both A and B
d) None of the above

Which of the following is not one of the
a) Capital
b) Capacity
c) Caution
d) Conditions

A list of all planned expenses and income:
a) Bank statement
b) Budget
c) Capital
d) None of the above

Someone who makes funds available to another with the expectation that the funds will be repaid plus interest:
a) Consumer
b) Trader
c) Lender
d) Buyer

Someone who purchases goods and services for personal use is a:
a) Consumer
b) Lender
c) Buyer
d) Trader

When a person's income is more than their expenses they have:
a) Debt
b) Savings
c) Budget
d) None of the above

The amount of a loan is also know as the:
a) Total
b) Collateral
c) Principle
d) None of the above

The cost of using money provided by a loan, mortgage, credit card, or line of credit.
a) Capital
b) Payment
c) Interest
d) Inflation

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