Which of the following does money management involve?

a.

A long-term time period

b.

Cash inflows

c.

Short-term time period and A long-term time period

d.

Short-term time period

Although their plan was to always pay off the credit card balance each month, they may be incapable of paying off the balance if the amount of their -----------------.

a.

repayment problems later.

b.

purchases is small

c.

purchases is large and small

d.

purchases is large

The risk that a borrower may not repay on a timely basis. The borrower may make late payments or even default on the credit. In that event, you will receive only a portion (or none) of the money you invested. This is called:

a.

Credit risk

b.

market risk

c.

Interest rate risk

d.

Liquidity risk

The interest rate applied to cash advances and convenience checks is generally --------- than the interest rate charged on credit extended for specific credit card purchases.

a.

no payment

b.

lower

c.

higher

d.

higher and lower