BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 54

A mortgage loan
Using a cashier's check to pay for a purchase
Using overdraft protection at a bank
Question 2. 2. (TCO 3) A creditor may set a maximum amount of
credit that a person is allowed, and this is called a(n)
revolving credit.
line of credit.
convenience credit.
installment cash credit.
single lump-sum credit.
Question 3. 3. (TCO 3) If your monthly net (after-tax) income is
$2,200, what should be your maximum amount spent on credit
payments?
$150
$220
$440
$500
$660
Question 4. 4. (TCO 3) Which one of these items can be included in
your credit report?
Race
Marital status