
Credit management
Flashcard
•
University
•
Practice Problem
•
Hard
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27 questions
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1.
FLASHCARD QUESTION
Front
A credit report is a report showing a borrower's history of how well they paid their bills.
Back
True
2.
FLASHCARD QUESTION
Front
It would be best to have a high credit score
Back
True
3.
FLASHCARD QUESTION
Front
Capital refers to a person’s assets.
Back
True
4.
FLASHCARD QUESTION
Front
Monthly student loan payment
Options: Installment, Revolving, Single Payment, Collateral
Back
Installment
5.
FLASHCARD QUESTION
Front
The cost of borrowing money is referred to as
Back
Interest
6.
FLASHCARD QUESTION
Front
Benefits of credit cards include: safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping.
Back
all of these
7.
FLASHCARD QUESTION
Front
Which one is considered a danger of using a credit card: no cash needed, leads to overspending, convenient, earns rewards?
Back
leads to overspending
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