BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 32

Question 8. When a lender examines your job situation and the
security of your employment, it is considering which area of lending?
Question 9. All of the following reasons are reasonable situations
when you would decide to use credit except
borrowing for a stay in a hospital because of appendicitis.
borrowing to pay for your expensive dinner and movie every week.
borrowing to buy a printer for your home office now because you
know it will be twice as expensive in 2 years.borrowing to purchase a
car so that you can go to work full time.
using a credit card to purchase an airline ticket to visit a sick relative.
Question 10. If Jack uses a Visa card to purchase a new digital
camera, he would be using what type of credit?
uestion 11. One of the following financing methods typically provides
individuals with a float period. Which one of these methods has this
as an option?
Question 12. While collateralized loans may provide lower interest
rates, these loans have a disadvantage because

Question 14. Which one of the following is a signal of a potential debt
problem?
Question 15. If Tony Jones knows he can get a car loan for up to 5
years at a credit union but decides that he can easily repay the loan in
3 years, and therefore gets a 3-year loan, how is Tony reducing the
lender's risk?
Question 16. Sarah Russell starts the month with a balance of $1,000
on her credit card. On the 10th day of the month, she purchases $200
in clothes with her credit card. On the 15th day of the month she
makes a p ayment on her credit card of $500. The average daily