Chapter 6 using credit

các câu hỏi trắc nghiệm môn kế hoách tài chính, financial planing, đầy đủ, điểm cao, ôn thi cho final và các bài thi học phần, đại học Hà Nội, All of the following are key items lenders look at in granting credit except, FMT, ngành tài chính ngân hàng,

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Chapter 6 Using Credit - Nothing to say

Principles of Finance (Trường Đại học Ngoại thương)

Chapter 6 Using Credit - Nothing to say

Principles of Finance (Trường Đại học Ngoại thương)

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1 Using credit is the ideal way to provide for financial emergencies.

United States - AK - DISC: Capital budgeting and cost - DISC: Capital budgeting

and cost of capital

United States - KS - DISC: Financial Markets and Inte - DISC: Financial Markets

and Interest Rates

KEYWORDS: Bloom's: Understanding

2 Saving is the preferred way to provide for financial emergencies

and cost of capital

and Interest Rates

3 Paying only the minimum payment each time on a credit card usually enables one to pay off the balance fairly quickly

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TANDARDS:

STATE STAN

DARDS:

and cost of capital

and Interest Rates

4 One can be overusing credit even though he can afford to make minimum monthly payments on time

and cost of capital

and Interest Rates

KEYWORDS: Bloom's: Remembering

5 Credit should not consistently be used for nondurable goods

and cost of capital

and Interest Rates

6 Credit cards with very low minimum payment requirements are in the consumer's best interest

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and cost of capital

and Interest Rates

7 A good rule to remember when considering the use of credit is that the product purchased on credit should outlive the amount of time it takes to pay it off

and cost of capital

and Interest Rates

8 Never adding up all your bills is one of the signs that you may be headed for serious credit problems

and cost of capital

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and Interest Rates

9 Using more than 20 percent of one's take-home income to pay off consumer debt is one of the signs that one may be headed for serious credit problems

and cost of capital

and Interest Rates

10 Having a checking account tells a creditor that you have some experience in managing your own funds

and cost of capital

and Interest Rates

11 Always paying cash is helpful in establishing a high level of creditworthiness

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and cost of capital

and Interest Rates

KEYWORDS: Bloom's: Analyzing

12 Having arranged and fully repaid a small loan should help improve creditworthiness

and cost of capital

and Interest Rates

13 The purpose of a credit report is to evaluate the kind of risk you pose to the lender

and cost of capital

and Interest Rates

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14 Credit reports are routinely used to predict creditworthiness.

and cost of capital

and Interest Rates

15 Paying a loan off much quicker than scheduled is one way to build a good credit rating

and cost of capital

and Interest Rates

16 A debt safety ratio of 25% might be a signal of financial trouble ahead

NATIONAL S United States - BUSPROG: Analytic skills - BUSPROG: Analytical skills

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TANDARDS:

STATE STAN

DARDS:

and cost of capital

and Interest Rates

17 A debt safety ratio of 15% would generally be a signal of financial trouble ahead

and cost of capital

and Interest Rates

18 It is safe, and often required, to give your Social Security number as a form of identification when using a credit card

and cost of capital

and Interest Rates

19 The most common forms of open account credit are bank credit cards and retail charge cards

a True

b Fals

e

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and cost of capital

and Interest Rates

20 The most common form of open account credit is the debit card

and cost of capital

and Interest Rates

21 Auto loans are an example of open account credit since you can add to the debt when you purchase another vehicle

and cost of capital

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and Interest Rates

22 A credit limit refers to the maximum amount the cardholder can owe the issuer at any point in time

and cost of capital

and Interest Rates

23 The key to creditworthiness is to keep your debt safety ratio as high as possible

and cost of capital

and Interest Rates

24 Credit reports on individual borrowers are issued by credit bureaus

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and cost of capital

and Interest Rates

25 Credit reports on individual borrowers are issued by credit card issuers

and cost of capital

and Interest Rates

26 Being late on credit payments only 2-3 times per year may label you a "late payer" in your credit file

and cost of capital

and Interest Rates

27 The required monthly payment on an open account will be the smaller of a minimum dollar amount or a specified percentage of the balance

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and cost of capital

and Interest Rates

28 Bank credit cards represent the most common kind of open account credit

and cost of capital

and Interest Rates

29 Bank credit card purchases always begin accruing interest charges immediately

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STATE STAN

DARDS:

and cost of capital

and Interest Rates

30 Advantages of balance transfers can include lower interest rates and the convenience of consolidation

and cost of capital

and Interest Rates

31 Credit card statements must be sent out at least 21 days before the due date

and cost of capital

and Interest Rates

32 College students without verifiable income cannot be issued credit cards

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and cost of capital

and Interest Rates

33 Rebate credit cards work best for those who use the rebates, charge a lot, and do not carry high monthly balances

and cost of capital

and Interest Rates

34 Generally speaking, the interest rates on credit cards are lower than any other form of credit

and cost of capital

and Interest Rates

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35 Credit card payments received the next business day after a holiday or weekend due date are considered on time

and cost of capital

and Interest Rates

36 Your account with the utility company is an example of open account credit

and cost of capital

and Interest Rates

37 Interest rates on credit cards tend to be lower than most other forms of consumer credit

LEARNING O PFIN.BILL.17.6-3 - LO: 6-3

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and cost of capital

and Interest Rates

38 Most organizations that issue credit cards have basically the same qualifications for card applicants

and cost of capital

and Interest Rates

39 Credit cards often have penalties for late payment and for exceeding credit limits

and cost of capital

and Interest Rates

40 Open account credit is a form of credit extended to a consumer in advance of any transaction

a True

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and cost of capital

and Interest Rates

41 The most common method used by lenders to apply finance charges to credit cards is the average daily balance including new purchases method.

and cost of capital

and Interest Rates

42 As a rule, the smaller the bank or S&L, the more likely it is to charge an annual fee for its credit cards

United States - BUSPROG: Analytic skills - BUSPROG: Analytical skills

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STATE STAN

DARDS:

and cost of capital

and Interest Rates

43 Credit card users can often avoid finance charges entirely by paying their total balances by the stated due date

and cost of capital

and Interest Rates

44 Secured credit cards require that the cardholder put up collateral in order to get the card

and cost of capital

and Interest Rates

45 Student credit cards are structured much differently than regular credit cards

a True

b Fals

e

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and cost of capital

and Interest Rates

46 Due to the Credit Card Act of 2009, finance charges can no longer be calculated using the double-cycle billing approach

and cost of capital

and Interest Rates

47 Debit cards look like credit cards, but they work like checks

and cost of capital

and Interest Rates

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48 With prepaid cards, there is no established line of credit

and cost of capital

and Interest Rates

49 Prepaid cards are referred to as electronic wallets

and cost of capital

and Interest Rates

50 Revolving credit lines are often accessed by writing checks

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and cost of capital

and Interest Rates

51 Unsecured lines of credit provide tax advantages if you itemize deductions

and cost of capital

and Interest Rates

52 Unsecured lines of credit are easy to use and often use some form of collateral as default protection

and cost of capital

and Interest Rates

53 The proceeds of a home equity loan can be used for just about any purpose, and the interest paid is usually tax deductible

a True

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and cost of capital

and Interest Rates

54 One can lose his home if he does not repay his home equity line of credit

and cost of capital

and Interest Rates

55 Home equity loans are one of the least expensive forms of consumer credit

STATE STAN United States - AK - DISC: Capital budgeting and cost - DISC: Capital budgeting

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DARDS: and cost of capital

and Interest Rates

56 For someone with a good credit rating, lenders will typically lend up to 100% of equity in a home using a home equitycredit line

and cost of capital

and Interest Rates

57 For a fee, credit bureaus can provide credit scores for prospective borrowers

and cost of capital

and Interest Rates

58 Credit bureaus provide information about prospective borrowers

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and cost of capital

and Interest Rates

59 One can and should check his credit bureau file regularly

and cost of capital

and Interest Rates

KEYWORDS: Bloom's: Applying

60 Credit bureau files often include information such as political and religious affiliations in addition to financial information

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61 Credit scoring systems are often used by lenders to determine your creditworthiness

and cost of capital

and Interest Rates

62 Chapter 7 bankruptcies can remain in your credit file for up to 10 years

and cost of capital

and Interest Rates

63 A credit card user's credit rating will be harmed if she pays only the minimum monthly payment on a credit card

LEARNING O PFIN.BILL.17.6-4 - LO: 6-4

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and cost of capital

and Interest Rates

64 The more credit cards one has, the better one's credit score

and cost of capital

and Interest Rates

65 Generally, finance charges are computed only on the unpaid balance from previous months' purchases

and cost of capital

and Interest Rates

66 The most common method of computing finance charges on a credit card is the average daily balance method including new purchases

a True

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and cost of capital

and Interest Rates

67 The amount of finance charges one pays on a credit card depends only on APR and the amount one charges

and cost of capital

and Interest Rates

68 The intent of the Wage Earner Plan is to provide an alternative to straight bankruptcy

STATE STAN United States - AK - DISC: Capital budgeting and cost - DISC: Capital budgeting

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DARDS: and cost of capital

and Interest Rates

69 A Chapter 13 bankruptcy filing results in the discharge of most of your debts

and cost of capital

and Interest Rates

KEYWORDS: Bloom's: Evaluating

70 Families who have a source of income and who want to retain their assets above the protected amount would select Chapter 13 rather than Chapter 7 bankruptcy

and cost of capital

and Interest Rates

71 The majority of persons filing bankruptcy file Chapter 7 bankruptcy

a True

b Fals

e

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and cost of capital

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72 The Wage Earner Plan requires debtors to give up most of their assets

and cost of capital

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73 Before filing for bankruptcy, debtors should consider seeking the help of a credit counselor

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74 Filing Chapter 7 bankruptcy eliminates one's obligation to pay past-due alimony and child support payments

and cost of capital

and Interest Rates

75 If you initiated the telephone call, it is okay to give your credit card account number when ordering/purchasing from major catalog houses, airlines, hotels, and so on

and cost of capital

and Interest Rates

76 If your credit card company increases your interest rate, the new rate can only be applied to new charges, not to preexisting balances

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77 After the Credit Card Act of 2009 was passed, late payments dropped but defaults increased.

78 It is not a good idea to use credit

a for convenience

b for durable goods

c for consumable items

d to partially finance investments

e to improve one's credit rating

and cost of capital

and Interest Rates

79 It is not a good idea to use credit to

a buy a home

b live beyond one's means

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c spread payments within a

budget

d purchase expensive items

e replace a check for small items

and cost of capital

and Interest Rates

80 would be an acceptable use of credit

and cost of capital

and Interest Rates

81 is a benefit of using credit

a The ability to buy expensive goods while spreading the payments over

time

b Providing payments that fit into a budget

c Having a permanent record of transactions

d Being able to purchase goods and services when checks are not acceptable

e All of these

Tiêu đề	Using Credit
Trường học	Foreign Trade University
Chuyên ngành	Principles of Finance
Thể loại	Chương

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