- Which of the following is one of the Three Fundamental Questions? Multiple Choice How much should entrepreneurs be taxed? How will the system promote progress? How much should society save? How will the system stop creative destruction?
- 5. Which of the following is typically considered an insta 1. A mortgage 2. A credit card 3. A personal I line of credit 4. A store credit card
- 4. What is a typical repayment structure for an installment loan? 1. You can borrow and repay any amount at any time. 2. You pay only the interest each month. 3. You make a single payment at the end of the Joan term. 4. You pay a fixed amount each month until the loan is paid off.
- 3. How does revolving credit differ from installment credit? 1. Revolving credi allows borrowing and repaying multiple times 2. Revolving credit has a fixed repayment schedule. 3. Revolving credit is used for one-time large purchases. 4. Revolving credit has no interest charges.
- 2. What is a key feature of revolving credit , such as a credi 1. A credit card requires fixed monthly payments ov 2. A credit card allows you to borrow up to a certain 3. A credit card is used for one-time large purchase 4. A credit card has no borrowing limit.
