Chapter 5 Introduction To Consumer Credit Flashcards Quizlet

Chapter 5 Study Guide Flashcards Quizlet Benefits of credit cards. short term no interest loan if paid in full monthly. rewards, rebates points. insurance on purchases. protection against fraudulent use. home equity loans. loan based on the current market value of your home minus the amount still owing on your mortgage. can borrow up to 85% of your equity. A type of consumer credit. is a line of credit in which loans are made on a continuous basis and the borrower is billed periodically for at least partial payment. (department store or bank credit card) credit limit: the dollar amount, which may or not be borrowed, that a lender makes available to a borrower.

Consumer Behaviour Flashcards Quizlet Credit. an arrangement to receive cash, goods, or services now and pay for them in the future. consumer credit. the use of credit of personal needs. student loans, mortgages, business loans, investment loans. examples of good debt that creates value (4) auto debt, credit cards, retail credit. Types of credit. two basic types: consumer loans and revolving credit; consumer loans o one time loan that the borrower pays back in a specified period of time with a pre determined payment schedule o e. home mortgages, autmobile or household furnishings; revolving credit. Chapter 5 introduction to consumer credit. he in the future ortgage by individual and. ed period of time. efficient or more productive. ter. good and services now to spend in the future. y for them through payment plans. n you make the purchase and yment is due 30 days if the balance is paid in full. tercard and offer rebates on. Quiz 5: introduction to consumer credit. access for free. share. all types. filters. study flashcards practice exam learn. question 1. true false.

Unit 04 Consumer Credit Flashcards Quizlet Chapter 5 introduction to consumer credit. he in the future ortgage by individual and. ed period of time. efficient or more productive. ter. good and services now to spend in the future. y for them through payment plans. n you make the purchase and yment is due 30 days if the balance is paid in full. tercard and offer rebates on. Quiz 5: introduction to consumer credit. access for free. share. all types. filters. study flashcards practice exam learn. question 1. true false. Chapter 6: consumer credit. credit: arrangement to receive cash, goods, or services now and pay for them in the future. consumer credit: use of credit for personal needs (except a home mortgage) by individuals and families; alternatives: draw on savings, use present earnings, or borrow against expected future income. 1. c. place utility addresses convenience in terms of where a consumer can purchase your company’s product. 2. b. marketing is a complex activity and includes creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. 3. a. employees are internal parties.