Help me with 25 multiple choise questions?

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26. If you have to borrow/charge expenses on your credit cards each month you鈥檙e considered to be what? (1 point)

鈥淟iving with your means鈥?br> 鈥淟iving below your means鈥?br> 鈥淟iving above your means鈥?br> 鈥淟iving at your means鈥?br> 27. What type of debt charges the highest interest rate? (1 point)

automobile debt

lease debt

secured debt

unsecured debt

28. Which is NOT one of the credit reporting agencies? (1 point)

Experian

TransUnion

Equifax

TransMeridian

29. A very low credit score usually means you will get what?

(1 point)

declined for loans

low interest rates

low finance charges

high available balances

30. Credit that is applied for once, and then is available until the consumer defaults or closes the account is called what type of credit? (1 point)

revolving credit

charge credit

income credit

department credit

31. What is NOT considered when calculating a credit score? (1 point)

personal income

payment history

credit history

length of credit history

32. When two sellers trade items without exchanging currency it鈥檚 called what? (1 point)

negotiating

bartering

financing

economics

33. What was the earliest form of currency called? (Hint: China around 1200 B.C.) (1 point)

leather cards

sea shells

cowry shells



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