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Crossword Puzzle
Crossword Puzzle

Consumer Credit Quiz (Part 2)

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Consumer Credit Quiz (Part 2)

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About this activity

Key terms and definitions for credit basics.

Created by

Rose Davis
Rose Davis
United States

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Consumer Credit Quiz (Part 2)
 

Crossword Puzzle

Consumer Credit Quiz (Part 2)Online version

Key terms and definitions for credit basics.

by Rose Davis
1

The fee you pay if you don’t pay your bill by the due date. (See slide 8.)

2

The amount of time the credit card company gives you to pay off a balance before you start incurring interest. (See slide 10.)

3

Large down payment. (See slide 7.)

4

You pay this fee when you are borrowing cash against your credit card. (See slide 8.)

5

A type of loan when you borrow against an asset you own, which is offered up as collateral. (See slide 2.)

6

Total amount charged on the credit card. (See slide 10.)

7

The amount of money that is borrowed before any interest is applied. (See slide 10.)

8

A form of security to help guarantee that the creditor will be repaid. (See slide 6.)

9

No collateral is needed to secure this loan. (See slide 1.)

10

Investment debt that creates value. (See slide 5.)

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