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Credit and Debit Cards

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Dereck Kozey

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∙ 4y ago
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Cards in this guide (21)
What is discretionary spending within a budget

Money that can be used for any purpose

What provides a bank with collateral on a car loan

The car itself

Which is one way that credit cards differ from debit cards

With a credit card, you pay later for something you buy.

People who lease a car are paying for what

The reduction in the car's value while they're driving it

Which of these is an example of a fixed expense

Rent

food

car payment

electric bill

What is most similar to a generic good

A brand-name good

What is the purpose of a letter-writing campaign conducted by a group of consumers

To get a company to change its business practices voluntarily

What are you paying for when you lease a car

The decrease in the car's value

When is liability insurance needed

When you cause an accident that damages another vehicle or hurts someone

Consumers can go to small-claims court when what happens

Other ways of resolving their complaint fail.

How can the news media help protect consumers

By investigating and exposing bad products and business practices

What would a socially responsible company use

Socially responsible companies use renewable resources.

A boycott would not be successful under what circumstance

If most consumers didn't stay away from the company that was being protested against, a boycott would not be successful.

What is the grace period on a credit card

The number of days the customer can wait to pay for purchases without being charged interest

Which of these helps you avoid debt by keeping your expenses below your income

A personal budget

Which of these makes it easier for a person to get a credit card

A good credit history

Which of these describes how a five or one ARM mortgage works

The interest rate is fixed for five years and then changes every year afterward describes how a five or one arm mortgage works.

What can you do in addition to cutting all unnessary expenses to make sure your expenses don't exceed your income

Increase your income!

What is the purpose of credit report check

The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.

Which if the following dose not protect consumers

A boycott.

Ask us of these describes the costs and benefits of getting a mortgage

Buy a House but Result in Large Interest Payments - Apex

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