BML Final Set 18 Question Preview (ID: 9567)


BML Final Set 18. TEACHERS: click here for quick copy question ID numbers.

Which of these is a good way to establish a good credit record?
a) Get good grades.
b) Move on a regular basis.
c) Ignore small debts.
d) Change jobs frequently.

Which of these is NOT a good way to establish a good credit record?
a) Pay all debts on time or early.
b) Have a savings and checking account and make regular deposits.
c) Make small credit purchases and pay them off.
d) Always pay cash for all purchases.

Anyone who buys on credit is a
a) creditor.
b) debtor.
c) payee.
d) financier.

Anyone who sells on credit is a
a) creditor.
b) debtor.
c) payee.
d) financier.

Companies that gather credit user information and sell it to businesses that offer credit are called
a) credit clearinghouse.
b) investment company.
c) credit bureau.
d) debt collection agency.

A company that attempts to obtain money that is past due is called a
a) credit clearinghouse.
b) investment company.
c) credit bureau.
d) debt collection agency.

The maximum amount you are allowed to owe at any one time on a credit account is the
a) charge limit.
b) finance limit.
c) credit limit.
d) installment.

This regulation requires credit bureaus to delete personal bankruptcy information that is more than 10 years old.
a) Fair Debt Collection Practice Act
b) Fair Credit Reporting Act
c) Consumer Credit Reporting Reform Act
d) Bankruptcy Act of 2002

All states have some sort of financial responsibility law which requires
a) that people pay their debts on time.
b) that people must have some sort of car insurance to protect other drivers.
c) people to have a bank account.
d) people to pay the debts of their children.

Which of these is covered by the basic form of homeowners' insurance?
a) building collapse
b) explosion
c) falling objects
d) weight of ice, snow and/or sleet

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 9567 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links