05 - 05 Student 1 When did installment credit explode on...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
05 Student: ___________________________________________________________________________ 1. When did installment credit explode on the North American scene? A. Just after World War II B. with the advent of television in the late 1940s C. with the advent of the automobile in the early 1900s D. during the recession of the 1950s E. during the inflation of the 1970s 2. The 25-to 44-age group currently represents about 30 percent of the population but holds nearly ____________ percent of the debt outstanding. 3. Although credit permits more immediate satisfaction of needs and desires, it 4. By paying cash for a purchase, you 5. Another name for credit when loans are made on a continuous basis and borrower is billed periodically for at least partial payment is known as: A. a line of credit. B. convenience credit. C. revolving credit. D. installment credit. E. bank card credit. 6. Which of the following is not an example of a consumer loan? 7. A common example of a consumer loan is:
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
8. Which of the following is not an example of revolving credit? 9. The maximum amount of credit you are allowed by a creditor is called a(n) A. revolving credit. B. installment cash credit. C. convenience credit. D. line of credit. E. single lump-sum credit. 10. An installment loan is a
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern