14 of 25 14. The 20 to 30 days you have to pay off your credit card in full to avoid interest. A. revolving credit B. grace period C. universal default D. interest rate Powered by Linkit Budg 15 of 25 15. A person who purchases goods and services A. opportunity cost B. purchases C. consumer D. shopaholic Powered by Linkit 18 19 16 of 25 16. When you add up all outstanding debt and pay it off with this type of loan. A. consumer loan B. line of credit C. credit card D. loan consolidation N Powered by 17 of 25 You divide your monthly income by what to get your rent budget? A. 27 B. 6 C. 3 D. 4 ho Powered by Linkit! 18 of 25 18. When you have more expenses than income. A. variable expense B. budget deficit C. cash flow D. budget surplus Powered by Linkit 19 of 25 19. If used wisely, this can help you in an emergency, or to establish a good credit score. A. gift card B. debit card C. pre-paid debit card D. credit card card h Powered by Linkit 20 of 25 20. The amount of credit you will pay yearly on a loan. A. revolving credit B. APR/annual percentage rate C. installment credit D. interest credit h Powered by Linkit! 21 of 25 21. The cycle of money coming into your possession, and back out in the form of expenses. A. cash flow B. budget C. variable expenses D. fixed expenses Powered by Linkit BE 22. You divide your monthly income by what number to get your car budget 22 of 25 A. 6 B. 4 C. 2 D. 3 A Powered by Linkit 23 of 25 23. When you have collateral, such as a building, or car to guarantee your loan. A. installment loan B. secured loan i C. loan shark D. consumer loan Powered by Linkit! do 2:00 PM 1/29/2021 19 Budget 24. Protection from your creditors when you can no longer pay your bills. 24 of 25 A. universal credit B. installment loan C. revolving credit D. bankruptcy 4 Powered by Linkit! 2:00 PM 129/2021 25 of 25 25. An open ended loan where you write checks, as needed, to make purchases. A. secured loan B. installment credit C. line of credit D. credit card Powered by Linkit 2:00 PM 1/29/2021