Review for Chapter 10 Test
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Few people can pay for a home without borrowing. | TRUE
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| On a revolving charge accounts, the slower you reduce the balance, the less interest you will pay overall. | FALSE
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| The Fair Credit Reporting Act of 1971 gave consumers a way to check their credit reports. | TRUE
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| Consumers should take every credit card that is offered to them so they will have a variety of choices. | FALSE
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| Credit cards are usually one of the most expensive forms of borrowing. | TRUE
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| The Equal Credit Opportunity Act makes it illegal to refuse credit on the basis of race, color, religion, national orgin, sex, marital status, or age | TRUE
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| Married couples should have credit in only on of their names. | FALSE
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| The Fair Credit Billing Act helps consumers correct credit card billing mistakes | TRUE
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| Interest on an unsecured loan is usually lower than a secured loan. | FALSE
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| ATM machines enable you to receive a cash advance and add it to your credit card bill. | TRUE
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| A company that collects inform and sells it to lenders is a ation about consumers' credit history | credit bureau
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| A measure of your creditworthiness is your | credit rating
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| A loan that is backed by something of value pledged to ensure payment | secured loan
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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