Question

✔Matching Match each term in Column A with its definition in

Column B.
Column A
1. credit
2. APR
3. contract
4. finance charge
5. installment
plan
6. down payment
7. unpaid balance
8. "three C's" of
credit
9. collateral

Column B
a. capacity, collateral, character
b.
a portion of the cost of goods that the buyer pays
at the time of purchase
c.
an agreement by which a consumer is allowed to
pay off the purchase in a series of weekly or
monthly payments.
d. the amount that is owed after a payment is
made on a loan
e.
a uniform way of telling the consumer what the
yearly interest rate on a loan is
f. the advance of money with a promise to repay at
a future date
g. something of value, pledged to protect the
interest of the lender
h. a binding agreement between two or more
persons
i. the total dollar cost of borrowing

Answer 1

1. f. the advance of money with a promise to repay at a future date

2. e. a uniform way of telling the consumer what the yearly interest rate on a loan is

3. h. a binding agreement between two or more persons

4. i. the total dollar cost of borrowing

5. c. an agreement by which a consumer is allowed to pay off the purchase in a series of weekly or monthly payments.

6. b. a portion of the cost of goods that the buyer pays at the time of purchase

7. d. the amount that is owed after a payment is made on a loan

8. a. capacity, collateral, character

9. g. something of value, pledged to protect the interest of the lender

Step-by-step explanation:

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