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money matters study stack

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
The two basic forms of credit most commonly used are   1.credit card 2.installment loan  
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The_______ ______ ________ is the percentage of interest you pay on an annual basis based on how much you have borrowed   annual percentage rate  
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You must pay at least the ______ _______ each month to avoid late charges and lowering your credit rating.   minimum payment  
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When you_______ on a loan or a credit card, this means you have stopped making payments, usually because you are unable to afford the payments.   default  
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For instance, while most credit cards and debit cards have 16-digit account numbers, ______ _______ only has 15-digit account numbers.   American Express  
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The first____ _____ show which company has issued the card.   six digits  
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If you have a credit limit of 500 dollars on your card, and you try to charge more than this amount before you have paid your bill, one of two things will happen. 1. Either the merchant will be told that the purchase cannot be approved 2. The credit    
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Created by: joshdun
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