Question 18 The maximum amount of money that you can charge on a credit card is called: OA. Monthly statement. OB. Credit limit. Oc. Debt ratio. OD, None of the above.

Do the credit card interest rates vary with creditworthiness? how?

What ratios are used to determine whether borrowers have the economic ability to repay a mortgage? a. Both a and b b. Housing expense ratio c. Both b and c d. Total obligations ratio e. Working capital ratio

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $  $  $

Whenever the interest charge for any interest period (a year, for example) is based on the remaining principal amount plus any accumulated interest charges up to the beginning of that period, the interest is said to be: a. effective interest b. compound interest c. simple interest d. nominal interest e. none of the choices