1. When you owe money you are a___ A. Loanee B. Debtor C. Debtee D. Loaner

2. Debt ratio is calculated by___ A. Adding all that you know. B. Subtracting all that you owe from your available credit limits C. Adding all that you owe and diving by your total available credit limit D. Taking your total available credit and diving by the total you owe

3. You have two credit cards. One has a balance of $1,675.00 at a 9.75% APR and the other had a balance of $2,278.00 and is dependent upon your credit score. Your score is 650. How much interest is accrued in the first month?

Question

1. When you owe money you are a___ A. Loanee B. Debtor C. Debtee D. Loaner

2. Debt ratio is calculated by___ A. Adding all that you know.  B. Subtracting all that you owe from your available credit limits C. Adding all that you owe and diving by your total available credit limit D. Taking your total available credit and diving by the total you owe

3. You have two credit cards. One has a balance of $1,675.00 at a 9.75% APR and the other had a balance of $2,278.00 and is dependent upon your credit score. Your score is 650. How much interest is accrued in the first month?