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Personal Finance Test #2 | FIN - Personal Finance, Quizzes of Business Finance
Class: FIN - Personal Finance; Subject: Finance; University: Evangel University; Term: Forever 1989;
Typology: Quizzes
2011/2012
1 / 2
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Download Personal Finance Test #2 | FIN - Personal Finance and more Quizzes Business Finance in PDF only on Docsity! TERM 1 credit DEFINITION 1 is a term used to describe any situation in which goods, services, or money is received in exchange for a promise to repay at a future date. TERM 2 Credit cannot be used to own expensive items faster (T/F) DEFINITION 2 False TERM 3 Intrest is the price of credit (T/F) DEFINITION 3 true TERM 4 The finance charge on a loan is simply the interest charged by the lender (T/F) DEFINITION 4 false TERM 5 data on bankruptcy can be included in your credit file for __ years. DEFINITION 5 10 years