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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| The details of any loan will include the following 3 components | show 🗑
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| Why are secured loans consodered risky to the lender | show 🗑
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| show | decrease your interest rate
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| show | is almost always a better option
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| show | The value of assets and debt.
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| show | A personal loan to start a business, a house, student loan, car loans.
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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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| Which of these actions would most likely decrease a person’s net worth for at least the next 6 months? | show 🗑
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| Debit Card | show 🗑
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| Credit Card | show 🗑
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| prepaid debit card | show 🗑
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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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| Which statement is true of both debit AND credit cards? | show 🗑
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| Felix opens a credit card with no annual fee, so he assumes that using the credit card regularly will be absolutely free for the next two years while he finishes grad school. Why is his assumption incorrect? | show 🗑
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| show | A standardized way of presenting the key terms of your credit card agreement
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| Which best describes how a credit card works? | show 🗑
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| What is the advantage of paying your credit card balance in full each month? | show 🗑
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| show | The amount you still owe after you have made your most recent payment
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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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| show | Pay $250 per month until it’s paid off
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| show | $75
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| Each of the following people has $5000 in debt. Which debt is most worthwhile? | show 🗑
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Created by:
isabel777