Finance Semester 1 Final Exam
Authored by Leslie Spain
Business
12th Grade
Used 6+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making several credit card payments in a month instead of one large payment will help improve a person's credit mix.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A lower credit score means you are less risky to lenders.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liquidation is the legal process used to get out of debt when you can no longer make all your required payments.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Electronic banking is also known as EFT.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
From the time the FDIC was established, no depositor has ever lost insured funds.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to making payments on time?
Collateral
Capacity
Conditions
Character
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
How much interest is charged for one year on a $12,000 loan with 4.7% interest.
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