BUSINESS
Intro._to_Business_Chapter_18_Test

C penny department store card c diners club card d

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J.C. Penny Department Store card (c) Diners Club card (d) none of the above _____10. Which of the following would NOT be included APR? (a) interest rate (b) service fees (c) credit insurance fees (d) purchase price _____11. The date the loan must be repaid is the (a) due date (b) installment date (c) promissory date (d) maturity date _____12. A type of credit or loan in which customers pay nothing until the end of the loan period is called? (a) revolving loan (b) budget loan (c) single-payment loan (d) installment loan _____13. This is the dollar cost of credit including interest and fees: (a) service charge (b) finance charge (c) application fee (d) all the above _____14. Signing a promissory note occurs when using a: (a) credit card (b) charge account (c) loan (d) trade credit _____15. The principal of a loan is the total amount of interest that will be paid. (a) True (b) False ____16. This act was the first of a series of consumer protection laws: (a) Fair Credit Reporting Act (b) Equal Credit Opportunity Act (c) Fair Credit Billing Act (d) none of the above
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____17.
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  • Fall '12
  • EugeneGraziano
  • Business, Credit card, Credit rating, Fair Credit Reporting Act, Fair Credit Reporting, Fair Credit Billing

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