Entrepreneurship Answers

This year, Mr. Thomas has a higher credit score than he did last year. Which of the following should Mr. Thomas expect with the improved score? Check all that apply.

Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transaction. What will be her new balance?$

Yoko is buying a car from a local car dealership. She wants to get the lowest interest rate possible. Which will most likely help her get the lowest interest rate?

Simon used a credit card to buy a skateboard. Which statement is true about his method of payment?

Before giving a loan to a customer, a lender examines the customer’s credit report. Which explains why the lender examines the customer’s credit report?

Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?

Isabella bought a CD player at the store. She will receive the bill at the end of the month. She plans to pay $30 each month until the bill is paid in full. How did Isabella pay for the CD player?

Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank’s ATM four times a month. Bank Account Terms and ConditionsWhich checking account would be best for Becca?

A way to build good credit is

Lois bought clothing at a store. She did not have enough in her bank account to pay for the purchase. After receiving the bill and paying off the balance, she realized that she paid $9.69 in interest. Which statement is true about her method of payment?

Kenya used a debit card to buy a pair of jeans. Which statement is true about her method of payment?

The graph shows changes in interest rates since 1975.

Tamera and Rupert each applied for the same credit card through the same company. Tamera has a positive credit history. Rupert has a negative credit history. Which compares their credit limits and likely interest rates?

Beth withdrew $35 from her checking account. In which column should she record the $35 withdrawal?

Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?

Which information is found on a credit report?

Which helps to establish a negative credit history?

Which describes the difference between secured and unsecured credit?

Consumers who pay more than the minimum payment on credit cards

Lyle deposited a check for $75.26. He’ll use the check register to record his transaction. What will be his new balance?