Help me with 25 multiple choise questions?

26. If you have to borrow/charge expenses on your credit cards each month you’re considered to be what? (1 point)

“Living with your means”

“Living below your means”

“Living above your means”

“Living at your means”

27. What type of debt charges the highest interest rate? (1 point)

automobile debt

lease debt

secured debt

unsecured debt

28. Which is NOT one of the credit reporting agencies? (1 point)

Experian

TransUnion

Equifax

TransMeridian

29. A very low credit score usually means you will get what?

(1 point)

declined for loans

low interest rates

low finance charges

high available balances

30. Credit that is applied for once, and then is available until the consumer defaults or closes the account is called what type of credit? (1 point)

revolving credit

charge credit

income credit

department credit

31. What is NOT considered when calculating a credit score? (1 point)

personal income

payment history

credit history

length of credit history

32. When two sellers trade items without exchanging currency it’s called what? (1 point)

negotiating

bartering

financing

economics

33. What was the earliest form of currency called? (Hint: China around 1200 B.C.) (1 point)

leather cards

sea shells

cowry shells

wooden coins

34. The first international form of currency policy to control inflation was called the what? (1 point)

World Trade Organization

North American Free Trade Agreement

Gold Standard

European Trade Standard

35. If a computer is on sale for $1,099.10 and there is an additional 15% off at the register, what will the total cost be? (1 point)

$934.24

$1,263.96

$974.88

$988.45

36. The abbreviation FICO stands for what? (1 point)

Fraud-Index Corporation

Fair-Index Corporation

Fair-Issac Corporation

Fraud-Issac Corporation

37. When someone leases a car, who owns the title to the automobile? (1 point)

the automobile manufacturer

the financing bank

the automobile dealership

the driver

38. What part of a personal budget should be the largest expense? (1 point)

spending money

savings

housing

insurance

39. When a company hires an employee, what does the company expect from the employee? (1 point)

expenses

productivity

purchasing power

income

40. The amount of products or services that someone can buy with the amount of money they have is called what? (1 point)

personal purchasing power

purchasing power parity

consumer price index

value power

41. Banks make money by charging borrowers what? (1 point)

late payment fees

interest rates

financing charges

all of the above

42. The money you pay to keep an insurance policy in effect is called a what? (1 point)

deductible

co-pay

premium

expense

43. The money you borrow from a bank or any other lender is called what? (1 point)

principal

investment

interest

equity

44. Your credit score determines whether or not you what? (1 point)

are approved or denied a loan

are given a high or low interest rate

are approved or denied a credit card

all of the above

45. The loans that individuals take out to continue their education are called what? (1 point)

educational loans

student loans

optional loans

deferred loans

46. Which of the following is NOT considered a small ticket item? (1 point)

a toaster

an automobile

a pack of gum

a cup of coffee

47. When an asset such as a home or a car decreases in value over a long period of time it’s called what? (1 point)

decay

depreciation

appreciation

neglect

48. Charge cards differ from credit cards in what ways? (1 point)

they require you to pay the full balance at the end of the billing period

they don’t allow you to make cash advances

they don’t accept balance transfers

all of the above

49. The marketing offers provided by credit card companies are called membership __________? (1 point)

bonuses

benefits

incentives

gimmicks

50. If you have $2,000.00 on a credit card and the interest rate is 21.8% per year. How much interest will you pay for one year? (Interest is compounded monthly, but to simplify your activity, just multiply it.) (1 point)

$463.00

$436.00

$521.00

$400.00

Help me with 25 multiple choise questions?loan rates

26. C

27. D

28. D

29. A

30. A

31. A

32. B

33. B

34. C

35. A

36. C

37. B

38. C

39. B

40. A

41. D

42. C

43. A

44. D

45. B

46. B

47. B

48. A

49. B

50. B

Help me with 25 multiple choise questions?

loan

You should be asking this under homework help. Also, if you open your textbook, you will probably find all of the answers.|||you should answer %26quot;C%26quot; for all of them.|||26.B

27.D

28.D

29.A

30.A

31.A

32.B

33.B

34.C

35.A

36.C

37.B

38.C

39.B

40.A

41.D

42.C

43.A

44.D

45.B

46.B

47.B

48.A

49.C

50.B|||Well, you suckered two people into answering, although there%26#039;s a bit of disagreement here and there.

I say do your own work and stop just getting answers from other people. You%26#039;re never going to get through life if you take the lazy way out all the time.|||26.B

27.D

28.D

29.A

30.A

31.A

32.B

33.B

34.C

35.D

36.C

37.B

38.C

39.B

40.A

41.D

42.B

43.A

44.D

45.B

46.D

47.B

48.A

49.C

50.A