Credit
How can you increase your credit score.
paying on time.
what is your interest rate mainly based on?
Credit score
What is the FDIC?
Authority that maintains stability
What is the most comon issue when someone gets a credit card
Overspending
How many days are in a week??!
7
What is Credit?
To obtain goods or services before payment
What is APR?
a Annual Percentage Rate, the yearly interest rate
What is a savings account?
a type of bank account designed for saving money that you don't plan to spend right away.
What should you do if you lose your credit card and license?
Immediately call your banks / dmv to report lost.
What is the "American Anthem"
What is a good Credit Score?
750-850
what is the importance of interest?
influence borrowing costs and spending decisions of households and businesses/to see how much you're gonna end up paying back
What is Loan?
something that is borrowed, especially money and is expected to be paid back with interest.
how many credit cards should a person not EXCEED.
2-3 because it will become hard to keep track of them.
What is the ratio bricks should be laid
4:1
What type of loan is a credit card?
short term loan
What is Interest?
The money you earn on your deposit
What is a borrowing base?
Testing of the borrower's collateral to ensure coverage under a specific formula.
what percentage do you NOT want to exceed, when it comes to your credit usage.
30%
How many bones are in the human body?
206
What is Collateral?
something pledged as security for repayment of a loan, to be forfeited in the event of a default.
What is Simple Interest?
the amount paid or earned for the use of money
What is underwriting.
The process which banks use to see if your good to pay back a loan.
What is the role of a manager in strategic planning?
To Set Goals, Ananlyze Data, Develop Strategies, Resoufce Allocation, Monitor Progress, Communication
What was napoleon bonaparte known for?
One of the most successful generals in the french war