A consumer promises to pay the full balance owed each month
What is open 30 day account
100
Carrying a credit card is _____ than carrying large sums of cash.
What is safer
100
Credit can lead to ____________
What is overspending
100
An interest or fee charged for buying on credit
What is finance charge
200
The earliest form of credit was the accounts at this place
What is the general store
200
A consumer has the option each month of paying in full or making payments at least as high as the stated minimum.
What is Revolving Credit agreement
200
Allows you to buy ______ _____ and pay over time
What is expensive things
200
Credit purchases may cost more than ____ _________
What is cash purchases
200
A person who lends money at excessively high interest rates
What is Loan Shark
300
These people made this presentation.
Janis, Polina, Sonya, Seth, Steph, and Hunter
300
An agreement to have a service performed now and pay for it later
What is service credit
300
With a ____ __ _____, money is always available.
What is line of credit
300
Consumers must pay _____ ______ _____
What is credit card fees
300
Regulations governing the amount of interest that can be charged on a loan
What is usury billing
400
In the _____ United State their economy to be for flexible and made credit more useful for everyday life
What is the 20th century (1900's)
400
a loan for a specific amount that must be repaid,in full, including all finance charges, by stand due date.
What is close-end credit
400
_______ _______ is available to regular charge customers
What is differed billing
400
The larger the balance, the higher the _______ _______
What is finance charges
400
Is most often used as a sales promotion technique, enticing potential customers to purchase big-ticket items now rather than later
What is deferred billing
500
_____ would pick up supplies and put the amount due for the ________
What is Farmers; Harvest
500
An agreement to lend the borrower an amount up to a stated limit and to allow borrowing up to that limit again, whenever the balance falls below the limit.
What is open-ended credit
500
When used correctly, credit expands ______ ______/______ _______.
What is purchasing potential/living standards
500
Items purchased with credit and paid for monthly ____ ____because of finance charges.
What cost more?
500
Is a pre-approved loan between a financial solution and borrower that may be used over and over again to a certain limit