Financial Review Two Question Preview (ID: 24556)
Financial Terms.
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A benefit of putting your money in the bank, this gives you easy access to cash and is tied to your checking account
a) Credit Card
b) Debit Card
c) Savings
d) None of the above
Primary way banks make a profit, usually by applying this to loans
a) Principle
b) Capital
c) Interest
d) Income
Legal process in which a person can not pay debts, resulting in the liquidation of assets and proceeds sold to creditors
a) Inflation
b) Interest
c) Debt
d) Bankruptcy
An increase in prices and fall in the purchasing power of money
a) Income
b) Inflation
c) Interest
d) Principle
This is a card that allows you to take out a loan, which you must pay back with interest.
a) Credit Cards
b) Debit Card
c) Baseball Card
d) None of the above
One of the 5 C's that has to do with the size of the loan
a) Collateral
b) Character
c) Capacity
d) Capital
The money, property, or other valuables which together represent the wealth of a business or individual.
a) Capacity
b) Conditions
c) Collateral
d) Capital
The monthly repayment, often an even precentage of principal plus interest that must be repaid on a loan
a) Debt
b) Expens
c) Monthly Payment
d) All of the above
Period of time in which a loan must be repaid
a) Timeline
b) Loan Amount
c) Loan Term
d) Principle
One of the 5 C's that deals with the strength of the economy at the time the loan is given
a) Credit
b) Conditions
c) Capacity
d) Collateral
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