hi sherin
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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| show | principle, interest rate, loan term
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| show | lenders can take valuable collateral if you fail to repay your loan
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| Having a good credit score,making a larger downpayment, and finding a cosigner with good credit are all wasy to.... | show 🗑
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| each of these statements describes a variable rate loan except | show 🗑
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| Your friends and you notice a neighbor who always has brand new clothes, shoes, and electronics. What would you need to know in order to tell if this neighbor is actually wealthy? | show 🗑
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| There’s not 1 target net worth value that is universally considered to be rich or wealthy. But Sanya’s net worth is $12,000.goal is to have net worth of $100,000 . Explain one way that using credit could help Sanya achieve her goal. | show 🗑
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| show | If the business fails, if you don't finish school, if something happens to your house.
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| show | principal
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| show | credit card
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| show | use a loan to buy a brand new car
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| show | Less fees
Limited to checking account
Protected by fed law
Accessible
Affordability
atms
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| Credit Card | show 🗑
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| show | accessible
Convenient
Cannot access account if stolen
fees
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| After watching the video and comparing the cards, which one of the three would be the best option for you as your day-to-day payment method? Explain why. | show 🗑
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| show | Both allow you to make purchases in a store or online
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| show | Unless he pays the whole bill every month, he will pay interest according to his APR
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| Which statement best describes a Schumer box? | show 🗑
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| show | The credit card company extends you a line of credit. You purchase "stuff" and then have the choice to pay the balance in full or a minimum payment each month.
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| What is the advantage of paying your credit card balance in full each month? | show 🗑
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| What is an outstanding balance? | show 🗑
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| Why is it more difficult to get out of debt when only paying the minimum payment? | show 🗑
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| show | Pay your credit card bill in full and on time every single month, thus paying no interest or fees
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| If you buy a $1000 bicycle, which credit card payoff strategy will result in your paying the LEAST total amount? | show 🗑
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| If your credit card limit is $800 and your outstanding balance is $725, what is the largest amount you can charge on that card in the upcoming month? | show 🗑
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| show | It’s impossible to tell, because we don’t know how much they each valued the spending, how much it impacted their lives, or how easily they can repay the debt
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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.
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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.
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Created by:
isabel777