Lesson 9.5 Credit and Interest Quiz answers

1. When a customer buys something with a credit card, the
√ bank
pays the store on the customer’s behalf.

2. The interest rate is based on a percentage of the amount of .
D. money borrowed

3. The annual percentage rate is the interest on a loan paid in .
C. installments

4. A fee paid for using someone else’s money is called .
C. interest

5. Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a lender?
a credit card√

6. When paid interest is stated as a dollar amount it is called .
B. finance charge
7.The amount owed when credit is used is equal to theplus.
D. principal . . . interest

8. Interest allows creditors to be paid for giving up .
D. opportunities

9. Each of the following is included in the amount ultimately paid for borrowing money EXCEPT:
C. annual tax payment

10. Each of the following is a disadvantage of using credit cards EXCEPT:
D. interest free loan if balance is paid off monthly

additional questions if you retake test:

Visa and MasterCard are examples of credit card .
A. brands

The function of interest is to make lending money worthwhile and profitable for the .
A. lender

Which form of credit would most likely have the lowest interest rate?
a mortgage√

i believe it was the shinto

what was the significance of the plessy vs ferguson ruling and jim crow laws

answer the impact. plessy v. ferguson allowed 'separate but equal, also known as segregation, to become law in the united states

superior technology and improved medical knowledge to foster imperialism. quinine enabled europeans

to survive tropical diseases and venture into the mosquito-infested interiors of africa and asia. the combination

of the steamboat and the telegraph enabled the western powers to increase their mobility and to quickly respond

to any situations that threatened their dominance. the rapid-fire machine gun also gave them a military advantage

and was in convincing africans and asians to accept western control. the following table summarizes the

causes of the new imperialism:

causes of new imperialism

economic military/political humanitarian/religious technological

need for markets need for military bases white man’s burden new medicine

raw materials national security spread of christianity new weapons

source of investments source of

pride—nationalism

social darwinism

(superiority of western

society)

transportation

i

the border between arizona and new mexico is a thin, black line; this indicates a state boundary.

its correct: it's a thin line, and it's a state boundary, correct