1. What is the purpose of using credit? 2. List several sources of consumer credit.

3. What types of information are asked for on a typical credit
Application?

4. How are store credit accounts different from bank credit card
Accounts?

5. How are credit cards different from charge cards?

6. How is a single payment similar to an installment loan? How is it
Different?

7. Give two examples of collateral that might be used to secure a loan.

8. What is the responsibility of a cosigner of a loan?

9. How is a line of credit different from other types of loans?

10. List several benefits of using credit.

To earn CREDIT

Explanation:

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.