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5 Written questions

5 Matching questions

  1. Credit Score
  2. Time Value of Money
  3. Gross Pay
  4. Security
  5. Dollar Cost Averaging
  1. a A statistical measure of a loan applicant's creditworthiness, which is the likelihood of repayment.
  2. b 1. A legal agreement that records a debt or equity obligation from a corporation, government, or other organization. Examples include stocks and bonds. 2. Collateral for a loan.
  3. c Wages or salary before deductions for taxes and other purposes.
  4. d The potential of an investment to increase in value through periodically compounded earnings.
  5. e A method of investing a fixed amount in the same type of investment at regular intervals, regardless of price.

5 Multiple choice questions

  1. A time during which a borrower can pay the full balance of credit due and not incur finance charges or pay an insurance premium without penalty.
  2. Accumulated assets; positive net worth.
  3. A summary of receipts and payments for a given period, helpful when preparing a budget; also known as an income and expense statement.
  4. Provides liability and property damage coverage under specific circumstances.
  5. A person who lends money at an exorbitant rate of interest.

5 True/False questions

  1. Debit CardA federal government program, financed by deductions from wages, that pays for certain health care expenses for older citizens. The Social Security Administration manages the program.

          

  2. Equity1. A legal agreement that records a debt or equity obligation from a corporation, government, or other organization. Examples include stocks and bonds. 2. Collateral for a loan.

          

  3. Renters InsuranceProvides liability and property damage coverage under specific circumstances.

          

  4. WillA measure of the likelihood of loss or the uncertainty of an investment's rate of return.

          

  5. Rent-to-OwnA high-cost, short-term loan that uses the borrower's automobile as collateral.