FinLit Unit 3 Study Guide
Quiz
•
Financial Education
•
12th Grade
•
Practice Problem
•
Medium
Christi Nicole Fletcher
Used 4+ times
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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Low income is the most common symptom of financial irresponsibility.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest is charged on the unused portion of a line of credit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rental agreement is also called a month-to-month agreement.
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Garnishments are the legal process that allows part of an employee's paycheck to be withheld for payment of debt.
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Bankruptcy is the legal procedure to relief a person of excess debt.
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
With installment credit, a consumer can charge to the account repeatedly up to a maximum limit.
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
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.
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