BUSN 380 STUDY Learn Do Live /busn380study.com BUSN 380 STUDY Learn Do Live /busn380study.com | Page 38

b. What is the total cost of the car?
c. What is the monthly payment?
d. What is the annual percentage rate (APR)?
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BUSN 380 Week 3 Quiz Set 1
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Question 1. Question : (TCO 3) Examples of _____ include
automobile and installment loans for purchasing furniture or
appliances.
a line of credit
a credit card loan
open-end credit
closed-end credit
convenience credit
Question 2. Question : (TCO 3) When obtaining open-end credit, you
may see this being offered as
installment credit.
a box of credit.
convenience credit.