5 Written questions
5 Matching questions
- Collection Agency
- Rule of 72
- a Something owed, usually measured in dollars.
- b A long-term loan to buy real estate, that is, land and the structures on it.
- c A business that specializes in obtaining payments from debtors who have defaulted on their loans.
- d A rough calculation of the time or interest rate needed to double the value of an investment. Example: To figure how many years it will take to double a lump sum invested at an annual rate of 8%, divide 72 by 8, for a result of 9 years.)
- e An easy-access credit business that makes high-interest loans secured by personal property collateral, such as jewelry.
5 Multiple choice questions
- An easy-access credit business that makes high interest loans for the period of the borrower's pay cycle. This practice is illegal in some states.
- Money that a government provides to citizens for reasons other than current employment or the delivery of goods or services in exchange. Examples include Social Security, veteran's benefits, and welfare.
- The influence that a social group has on an individual, based on the individual's desire for the group's approval.
- A program, financed by state and federal government tax revenues, to pay specified health care costs care for those who cannot afford them.
- A method of investing a fixed amount in the same type of investment at regular intervals, regardless of price.
5 True/False questions
Saving → Compensation for work, expressed as an annual sum and paid in prorated portions regularly— usually weekly, bi-weekly, or monthly. (See Wage.)
Credit Card → A plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.
Fraud → Intentional and illegal deception, misrepresentation, or concealment of information for monetary gain.
Savings Account → A financial institution deposit account that pays interest and allows withdrawals.
Easy Access Credit → Short-term loans granted regardless of credit history, often for very short periods and at high interest rates. (See Pawnshops, Payday loans, Rent-to-own, and Title loans.)