New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Study guide test 3

by: rebecca goodrich

Study guide test 3 Finance 101

rebecca goodrich

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Study guide test 3
Study Guide
Econ, Busn
50 ?




Popular in Accounting

Popular in Business, management

This 0 page Study Guide was uploaded by rebecca goodrich on Friday January 22, 2016. The Study Guide belongs to Finance 101 at University of Alabama - Tuscaloosa taught by Dr. in Winter 2016. Since its upload, it has received 26 views. For similar materials see Accounting in Business, management at University of Alabama - Tuscaloosa.


Reviews for Study guide test 3


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 01/22/16
Personal Finance Test 3 1 Debt safety ratio a What is the percentage to stay out of trouble 1015 2 What are the common forms of open account credit a Credit cards retail charge cards revolving credit lines vi vii Issued by banks 1 visa mastercard 2 reward cards A bank credit card that combines features of a traditional bank credit card with an additional incentive such as rebates and airline milage a frequent yers b Automobile rebate programs c Rebate 3 Affinity cards A standard bank credit card issued in conjunction with some charitable political or other nonpro t organization 4 Secured collateralized credit cards amount of credit is determined secured by the amount of liquid asset collateral you are able to put up like a bank cd a Targeted for people with bad or no credit 5 Student credit cards marketed to speci cally college students Issued by retail 1 Retail charge cards Not Debit cards no line of credit Revolving credit lines A type of open account credit offered by banks and other nancial institutions that can be accessed by writing checks against demand deposit or specially designated credit line accounts Overdraft protection line a line of credit linked to a checking account that enables a depositor to overdraw their checking account up to a predetermined limit Unsecured personal lines a line of credit made available to an individual on an as needed basis Home equity credit line a line of credit issued against the existing equity in a home 3 Balance transfers a How affordable are they b General fees c What is advised about them 4 Know about Debit cards a Are they a credit card no Is it ok to give credit card info over the phone no When is it ok to give credit card info over the phone when you call them when ordering or purchasing something from a major catalog house airline hotel and so on 7 What are the more common forms of consumer loans a formal negotiated contract that speci y both the terms for bowworing and the repayment schedule a used mainly to borrow money to pay for bigticket items 1 auto loans 2 durable goods 3 education loans 4 personal loans iL consoHdannloans 8 What is the repayment period for the average installment loans a 6 months 6 years or more 9 Variable rate loans a When they are desirable longer term installment loans if interest rates are expected to fall over the course of the loan b When they are undesirable if interest rates are expected to rise 10 Look at examples of captive sales nance companies Ford motor credit corporation General electric credit corporation 11 When is it proper to use credit to by a big ticket idem a Will be given examples 12 How to establish credit a Open checking and savings accounts b Use credit c Obtain a small loan 13 Fees and percentage rates on different types of credit cards a Do you have a limit on it yes its set by issuer 500 to 2500 but can go to 50000 b Added on fees interest fees 3 of amount spent mm 00 14 What is an example of a prestige credit card rewards cards 15 If someone spends loosely can t monitor their own spending what card should they carry secured credit card 16 Truth and lending act 17 Fair credit reporting act 18 Which one of these discloses your nance charges between the acts truth and lending act 19 Study the whole section on student loans a How to get a student loan complete application b Which is best for you c Which is true and which is not true about student loans 20 What should you consider when you are shopping for a consumer loan various costs and terms nance charges oan maturity total cost of transaction coatera other loan considerations 18 questions tota


Buy Material

Are you sure you want to buy this material for

50 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Amaris Trozzo George Washington University

"I made $350 in just two days after posting my first study guide."

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.