Low income is the most common symptom of financial irresponsibility.
FinLit Unit 3 Study Guide

Flashcard
•
Financial Education
•
12th Grade
•
Hard
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32 questions
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1.
FLASHCARD QUESTION
Front
Back
False
2.
FLASHCARD QUESTION
Front
Interest is charged on the unused portion of a line of credit.
Back
False
3.
FLASHCARD QUESTION
Front
A rental agreement is also called a month-to-month agreement.
Back
True
4.
FLASHCARD QUESTION
Front
Garnishments are the legal process that allows part of an employee's paycheck to be withheld for payment of debt. True or False?
Back
True
5.
FLASHCARD QUESTION
Front
Bankruptcy is the legal procedure to relieve a person of excess debt.
Back
True
6.
FLASHCARD QUESTION
Front
With installment credit, a consumer can charge to the account repeatedly up to a maximum limit.
Back
False
7.
FLASHCARD QUESTION
Front
Paying for a purchase with a credit card, rather than cash or a debit card, gives the consumer more leverage in the event of a dispute.
Back
True
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