Question

1. When you pay a bill in full, you are
a. paying it off
b. defaulting
c. maximizing profit
d. zeroing

2. APR stands for
a. annual partial
b. amortized percentage rate
c. annual percentage rate
d. amortized partial rate

3. when calculating interest accrued, you should
a. multiply the principal by APR
b. multiply the principal by the APR and number of months
c. multiply the principal by the APR and number of months, then divide by the total number of the months in the year
d. multiply the principal by the APR and the number of months in the year, then divide by the

Answer 1

1-a

Answer 2

4. --- are used to take money directly from your account
a. Charge cards
b. Debit cards
c. Credit cards
d. Cash cards

5. A pack of gum would be considered a
a. luxury item
b. small ticket item
c. unaccountable expense
d. necessity

6. Interest rates on mortgages are lower because the home is
a. used
b. secured
c. collateral
d. stable

Answer 3

2. APR=c

Answer 4

thanks, do u know more

Answer 5

I'm not sure on the rest. Sorry :/

Answer 6

its ok thanks

Answer 7

1. A
2. C
3. C
4. B (I think)
5. B
6. B

Answer 8

thank u so much

Answer 9

no problem :)