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Financial Literacy - Credit #1

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1.
1 point
The flexibility of buying on credit is considered which of the following?
2.
1 point
Paying interest on small purchases when buying on credit is considered
which of the following?
3.
1 point
The two most commonly used types of credit are which of the following?
4.
1 point
Whether you are dealing with a loan or a credit card, the amount of interest your payment includes each month is known as what?
5.
1 point
When dealing with a credit card, the amount of money you must pay each
month is known as what?
6.
1 point
Whether you are dealing with a loan or a credit card, the percentage used to calculate the amount of interest you owe is called?
7.
1 point
Which of the following means to default on a loan or credit card?
8.
1 point
Whether you are dealing with a loan or a credit card, the actual amount
borrowed is known as what?
9.
1 point
Easy access when buying on credit is considered which of the following?
10.
1 point
The convenience of buying on credit is considered which of the following?
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