Visa
Master Card
American Express
Discover
Capital One
100
A financial institution that is owned and operated by members to provide saving accounts and low-interest loans
credit union
100
Which of these is an example of a durable good? washing machine, shirt, gasoline, hairbrush
washing machine
100
finding out a borrowers creditworthiness
credit check
100
sets maximum interest rates consumers can be charged
usury law
100
when declaring bankruptcy, individuals still have to pay this
tax
200
Length of time personal bankruptcy stays on your credit record
10 years
200
The main factor lenders consider in determining a person's credit worthiness
credit rating (employment, income, ability to pay)
200
What individuals have to pay when borrowing funds
principal plus interest
200
Type of firms that issue credit cards
banks
200
device that allows a person to make purchases without paying cash
credit card
300
bank whose main functions are to accept deposits, lend money, and transfers funds among banks, individuals, and busineses
commercial bank
300
credit that allows a consumer to buy goods and services from a particular company and pay later
charge account
300
receipt of money to buy goods or services in the present with the promise to pay for them in the future
credit
300
installment debt owed on houses, buildings, or land
mortgage
300
amount of money a borrower must pay for the use of someone else's money
interest
400
private business that investigates a person to determine the risk involved in lending money to that individual
credit bureau
400
loan that is backed by collateral
secured loan
400
something of value that a borrower lets the lender claim if a loan is not repaid
collateral
400
legally having been declared unable to pay off debts owed with available income
400
the cost of credit expressed as a yearly percentage
Annual Percentage Rate (APR)
500
type of loan that is repaid in equal payments over a fixed period of time
installment debt
500
manufactured items intended to last more that three years
durable goods
500
loan guaranteed only by the promise to repay it
unsecured loan
500
Baseball: Blue Mountain Community College
500
Baseball: College of Idaho
