Term
| What is the Credit form used by the debtor to provide information to the leader? |
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Definition
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| If a person can charge up to $5000 on a credit card, then $5000 is the...? |
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Definition
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| A good credit rating is an individual's reputation that is: |
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Definition
| Earned by paying bills on time |
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Term
| How much will be paid at the end of the six months when borrowing $900 for six months at 9% interest? |
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Term
| How can a house be used when trying to secure a loan? |
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Definition
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Term
| When granting credit, what three things are considered? |
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Definition
Collateral, character, and capacity (the three C's) |
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Term
| The cost of credit on a yearly basis is the...? |
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Term
| Work history is an example of a person's: |
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Term
| How does the use of credit affect a persons standard of living? |
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Definition
| Credit can be used for major purchases, such as automobiles |
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Term
| What is a major purpose of government budgeting? |
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Definition
| Provide services that are needed by the public |
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Term
| the FIRST expenditure in a household budget should be: |
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Definition
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Term
| Businesses prepare budgets for all of the following: |
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Definition
Getting a business liscence |
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