Question

Matching

_____ 6. A widely held but mistaken belief

_____ 7. Mortgage loans where the interest rate is adjusted periodically

_____ 8. First charge card in the United States

_____ 9. A tax on the poor and people who can’t do math

_____ 10. The debt snowball

_____ 11. Most expensive way to finance a new car

_____ 12. Using equity in a home as collateral when borrowing money

_____ 13. Combining separate debt payments into one single payment

_____ 14. A product aggressively marketed to consumers

_____ 15. A drop in the value of property

a. Debt

b. ARM

c. Baby Step 2

d. Diners Club

e. Home Equity Loan

f. Depreciation

g. Visa

h. Mortgage

i. Myth

j. Lottery

k. Leasing

l. Consolidation

Answer 1

Myth 6. A widely held but mistaken belief

ARM 7. Mortgage loans where the interest rate is adjusted periodically

Diners Club 8. First charge card in the United States

Lottery 9. A tax on the poor and people who can’t do math

Baby Step 2 10. The debt snowball

Leasing 11. Most expensive way to finance a new car

House equity loan 12. Using the equity in a home as collateral when borrowing money

Consolidation 13. Combining separate debt payments into one single payment

Debt 14. A product aggressively marketed to consumers

Depreciation 15. A drop in the value of property