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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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