basic questions about finance

The ____________ is the amount of money paid each year for having a credit card.

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The ____________ is the interest rate to be paid each month on the unpaid balances of the credit card.

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The ____________ is the length of time between billing statements (usually 30 days).

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The interest rate for cash advances is usually ____________ than for regular purchases.

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The ____________ of a credit card is the maximum amount that the credit card can be charged.

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The ____________ of a credit card is the time the customer has before a credit card company starts charging interest.

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The ____________ of a credit card is the initial rate of interest of the account. After a certain amount of time it goes ____________.

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Making a ____________ may trigger an increase in the interest rate of the credit card.

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The ____________ is the lowest amount that can be paid every month without triggering additional finance charges (besides interest).

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____________ credit cards require a security deposit.

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The ____________ requires lenders to tell customers about the costs, terms, and conditions of a loan or credit card.

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The ____________ limits customer liability on loss or theft of cards.

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The ____________ prohibits discrimination with respect to any aspect of credit transaction, based on race, sex, age, national origin, or marital status, or because one receives public assistance.

Flag this QuestionQuestion 145 pts

The ____________ is the sum of money held to ensure the property owner against default by the tenant.

Flag this QuestionQuestion 155 pts

The initial payment is usually higher when ____________.

The monthly payments are usually higher when ____________.

Flag this QuestionQuestion 165 pts

You can build ____________ in your home by paying the ____________.

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A ____________ is the lease of a property by a tenant to a subtenant.

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The mortgage payment is the sum of monthly ____________.

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There are ____________ associated to home-ownership.

At the same time, homeowners must pay ____________.

Flag this QuestionQuestion 205 pts

The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments is called ____________.

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