Credit
Maturity Date
Interest Rate
Transactions
Shopping
100
JCPenney makes sure all the applicants are creditworthy before issuing any of them credit card. Which regulation is JCPenney adhering?
What is Equal Credit Opportunity Act
100
What is the maturity date for a loan made on April 24 and due in 60 days?
What is June 23rd
100
Abby has the best option of borrowing $5,000 at a 3% interest rate from a local bank. Which loan option would allow her to pay the LEAST amount of money?
What is Loan for 6 months
100
What is a transaction?
What is Agreement between a buyer and seller to exchange goods, services, or financial instruments
100
What type of commerce is enabled by technology?
What is E-Commerce
200
A department store sales associate gave a customer a form to complete in order to apply for a credit card. Which factor examined by creditors did the customer receive?
What is Credit Application
200
What is the maturity date for a loan made on February 1st and due in 15 days?
What is February 16th
200
What is the interest amount for the following loan: $10,000 car loan for 5 years at 8% interest rate?
What is $4,000
200
The financial position of the business on a given date is reported on the?
What is Balance Sheet
200
What type of commerce occurs when a business sells its products over the Internet to other businesses?
What is B2B (Business-To-Business)
300
After talking to a customer representative about her overdue balance, Tine implemented a strategy that will minimize her dept. Which type of credit assistance is this?
What is Dept Repair Plan
300
What is the maturity date for a loan made on April 3rd and due in 9 days?
What is April 12th
300
Jenny has the best option of borrowing $300 at a 3% interest rate. Which loan option would cost her the most?
What is Loan For 1 Year
300
Define Paycheck
What is a check foe salary or wages
300
What is term used when the government employs technology to deal with citizens, businesses, and other government agencies?
What is E-Government
400
Libby paid $20 at the end of a doctors visit and agreed to pay the balance in 30 days. She will avoid any cost for this credit. Which type of credit did Libby use?
What is Charge Amount
400
What is the maturity date made for a loan on November 7th and due in 45 days?
What is December 22nd
400
ABC Investment Company invested over $30,000 obtained from their clients. The company gained 5% as a return on its investment. This is an example of which type of insurance risk?
What is Speculative
400
The net profit or loss for a particular period of time is reported on the?
What is income statement
400
What term refers to an organization's ability to tailor its products and services to its customers?
What is Mass customization
500
A bank loaned Avery $4,500 for 24 months. Which type of credit did he accept?
What is Consumer loan
500
What is the maturity date for a loan made on April 3 and due in 36 days?
What is May 9th
500
Donna will make a series of end-of-year contributions to a retirement account. She will contribute $2,800 per year. If the contributions earn 6.0% per year, compounded annually, how much will Donna have in her account at the end of 10 years? (to the nearest dollar)
What is $36,906
500
Services rendered for cash will result in a/an?
What is increase in cash and an increase in fees earned
500
What term refers to the small web page that opens automatically with an ad when you visit some web sites?
What is Pop-up Ad
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