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Q 1/40
Score 0
Which of the following statements best describes your right to check your credit history for accuracy.
30
All Credit Records are the property of the US Government and access is only available to the FBI & lenders
You are entitled to receive one free credit report a year from each of the three big credit bureaus
You cannot see your credit record
You can only check your record for free if you are turned down for credit based on a credit record
Q 2/40
Score 0
If your credit card is stolen and the total debt reaches $1,000 but you notify the issuer of the card as soon as you discover it missing, what is the maximum amount that you can be forced to pay according to federal law?
30
$500.00
Nothing
$1,000.00
$50.00
40 questions
Q.
Which of the following statements best describes your right to check your credit history for accuracy.
1
30 sec
Q.
If your credit card is stolen and the total debt reaches $1,000 but you notify the issuer of the card as soon as you discover it missing, what is the maximum amount that you can be forced to pay according to federal law?
2
30 sec
Q.
Negative financial information (excluding bankruptcy) can stay on our credit report for
3
30 sec
Q.
How many days does a creditor have to acknowledge your written complaint about a billing error?
4
30 sec
Q.
Decrease in value of property as it becomes older and starts to wear out.
5
30 sec
Q.
Contract that allows you to own a vehicle for a specified time period and amount, and is affected by mileage and condition of the vehicle.
6
30 sec
Q.
Something that motivates or encourages a person to buy (cash back, low financing)
7
30 sec
Q.
Price a car dealership will sell your vehicle for.
8
30 sec
Q.
Price a car dealership gives you when taking your car as a trade on another vehicle they are selling.
9
30 sec
Q.
Warranties are difficult to enforce unless they are ___________?
10
30 sec
Q.
To fully own a vehicle, you must hold this document.
11
30 sec
Q.
APR stands for this:
12
30 sec
Q.
Which of the following are reputable source for car valuations?
13
30 sec
Q.
Covers damage to your car only; the most expensive coverage.
14
30 sec
Q.
A certain amount of money that a person pays to fix their vehicle, before the insurance company begins to pay.
15
30 sec
Q.
Covers physical damage you afflict on someone or their property; minimum coverage required by law.
16
30 sec
Q.
Protects insured motorist when their car is damaged through no fault of their own (i.e., fire, storm, vandalism)
17
30 sec
Q.
What do each of these numbers indicate in an insurance policy 100/300/100
18
30 sec
Q.
Many insurance policies would offer coverage that would appear as 100/300/100. What amount does the number 300 represent?
19
30 sec
Q.
Person who pays rent for a property occupied.
20
30 sec
Q.
Protects landlord against damages or nonpayment of rent.
21
30 sec
Q.
Property Owner
22
30 sec
Q.
Written agreement between the tenant and the landlord about the use of rental property.
23
30 sec
Q.
Your rent should not be more than _______ of your gross income.
24
30 sec
Q.
What is gross income?
25
30 sec
Q.
To protect your personal belongings, a tenant should obtain this.
26
30 sec
Q.
The sum of money lent, not including interest.
27
30 sec
Q.
The difference between the value of your home and the amount you owe.
28
30 sec
Q.
Determines what the property value is worth.
29
30 sec
Q.
Money borrowed from a creditor with interest to buy a property.
30
30 sec
Q.
Written evidence of the ownership of a piece of property.
31
30 sec
Q.
To figure out how much money you can afford to spend on a home, multiply your annual net income by ____.
32
30 sec
Q.
What does the abbreviation FDIC stand for?
33
30 sec
Q.
What is the formula for calculating interest?
34
30 sec
Q.
Property pledged to protect a lender if the borrower fails to repay.
35
30 sec
Q.
The shares of a particular company or corporation
36
30 sec
Q.
A rise in the general level of prices.
37
30 sec
Q.
An investor who thinks that the stock market will rise.
38
30 sec
Q.
An investor who thinks that the stock market will decline.
39
30 sec
Q.
Certificates representing ownership in a corporation or similar entity.
