Question

1. _____ is exchanging one good for another without using money.
Credit
Barter
Negotiating
Brokering
2. A _____ has to be paid in full on the due date. (1 point)
Charge card
Credit card
Debit card
Check card
3. The _____ is the original amount owed on a loan. (1 point)
Loan due
Interest
Available balance
Principal
4. APR is used to calculate the _____. (1 point)
Loan amount
Interest accrued
Principal
Future earnings

Answer 1

5. To compute how one currency compares to another, you must use the _____.
negotiated rate
exchange rate
agreement rate
bartered rate



6. When you owe money to another lender, you are a _____. (1 point)
debtor
lendee
loanee
creditor
7. A _____ takes money directly from a checking account. (1 point)charge
card
debit card
credit card
cash transaction
8. When building a credit history, you should have a credit card with a _____, and you should pay it in full, on time, every time. (1 point)
High interest
rate
High credit limit
Low interest rate
Low credit limit