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1. Your assets, including all your investments, bank accounts, and items of value, minus       your liabilities, including debt is called your        A  Net Assets        B  Net Price        C  Net Worth        D  Net Value 2. The minimum amount you must pay to stay current with your montly credit card bill       is called        A  Mimimum Amount Due        B  Mimumum Payment Due        C  Staying Current Amount Due        D  Monthly Mimimum Payment 3. An initial, temporary rate intended to entice you to sign up for a credit card or       other loan or to open an interest-bearing account is called a        A  Bate and Switch Rate        B  Teaser Rate        C  Mirage Rate        D  Succor Rate 4. With credit cards, the period between the end of a monthly billing period and when the bill       is due, typically two or three weeks is called        A  the Period of Faith        B  the Free Fee Period        C  the Credit Limit Period        D  the Grace Period 5. In banking terms APR stands for        A  Annual Percentage Rate        B  the month of April        C  Adjusted Principle Rate        D  Advanced Projected Rate 6. A credit card backed by a deposit in a bank account is a        A  President's Credit Card        B  Bank Deposit Credit Card        C  Protected Credit Card        D  Secured Credit Card 7. The maximum amount you can borrow on your credit card is called        A  the Monthly Limit        B  the Total Outstanding        C  the Credit Limit        D  the Maximum Terms 8. Borrowing on you credit card to get cash is called        A  a Cash Advance        B  an Interest Based Extension        C  Factoring        D  a Credit Extension 9. A numerical grade that aims to tell lenders how likely you are to repay your debt is called        A  a Credit Limit        B  a Credit Score        C  a Grade Point Average        D  a Maximum Lending Limit 10. Using a fake Web site, pop-up advertisiment, or e-mail that looks legitmate to       extract personal information or account information from unsuspecting victims is called        A  Whacking        B  Hacking        C  Phishing        D  Dishing 11. A legal binding agreement is called        A  a Contract        B  an Equity        C  a Liability        D  a Tort 12. The form you fill out when you start a new job that determines how much of your pay is       withheld for income taxes is called a        A  I-4 form        B  I-2 form        C  W-4 form        D  W-2 form 13. FICO stands for        A  Free Individual Credit Organization        B  Fair Individual Credit Organization        C  Fair Investor Credit Organization        D  Fair Isaac Corporation 14. The three credit bureaus will have        A  idential FICO scores        B  very different FICO scores        C  reasonably close FICO scores        D  no FICO scores 15. All of the following are components of your FICO score EXCEPT        A  Old credit        B  Length of credit history        C  Amount borrowed relative to available credit        D  Paying bills on time 16. In addition to the FICO score creditors may consider all of the following EXCEPT        A  Assets        B  Relatives        C  Income        D  Job history 17. Credit bureaus are required by law to provide you with        A  one free credit report per year        B  one free credit report per month        C  three free credit reports per lifetime        D  three free credit reports per year 18. All of the following are credit bureaus EXCEPT        A  Experian        B  Creditplus        C  Equifax        D  TransUnion 19. Improving your credit score requires        A  timing        B  common sense        C  both of these        D  neither of these 20. A credit default can take how long to overcome        A  1 year        B  3 years        C  5 years        D  7 years