Chp. 16 Credit
Authored by Katy Heller
Business
10th Grade
4 covered
Used 5+ times
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11 questions
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1.
MATCH QUESTION
2 mins • 5 pts
Credit Score
A numerical measure of a loan applicant's creditworthiness
Credit
A company that collects past-due bulls for a fee.
Collection Agency
The potential of credit not being repaid
Credit Report
A record of credit history and financial behavior.
Credit Risk
One party lends another party goods or money with the understanding that it will be paid back later.
Tags
4.4.1
2.
MATCH QUESTION
2 mins • 5 pts
Creditor
A set of guidelines used to determine how many and which customers are approved for credit.
Finance Charge
The party extending the credit.
Credit Policy
Credit granted based on a signed credit agreement.
Unsecured Credit
The total amount of money borrowed.
Principal
Total amount paid by a borrower to a lender for the use of credit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The party receiving credit is known as ____
creditor
debtor
principal
credit agency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit loans that require collateral are known as
secured credit
unsecured credit
open-end credit
installment loans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a proprietary credit card issuer?
Target
BP
Visa
Sears
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three Cs of credit are character, capacity, and ___.
Consumer
Cash
Co-signer
Capital
7.
DRAG AND DROP QUESTION
1 min • 1 pt
A loan for a specific amount of money that must be repaid with interest by a specified date or according to a specified schedule is (a) credit.
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