Chapter 16 & 17 review

The amount of money borrowed is called the:

• Principal

• Finance Charge

• Percentage Rate

• Down Payment

The annual cost of the credit charged by the lender:

• Loan

• Annual Percentage Rate

• Debtor

• Creditor

The party giving the money:

• Creditor

• Debtor

The party receiving the money:

• Creditor

• Debtor

A record of credit history and financial behavior for a business or individual.

• Credit card

• Loan application

• Credit report

• Accounts receivable

True or False: The credit bureau is a private firm that maintains consumer credit data

• True

• False

A proprietary credit card issued by JcPenney can be used to make purchases at HEB

• True

• False

A numerical measure of a loan applicant's creditworthiness at a particular point in time

• Credit risk

• Money calculator

• Credit application

• Credit score

Earnings that a business receives for the goods and services it sells

• Expense

• Revenue

• Income allotment

• Audit

Cost involved in operating a business

• Income

• Revenue

• Expense

• Gratuity