a) the job you have

b) where you live

c) how much interest you pay when you borrow

d) all of the above

2. What information will you have to provide to get a credit card?

a) Current address

b) The year you graduated from high school

c) Full name

d) Your addresses for the past five years

e) A, c, and d

3. How often should you order a copy of your credit report?

a) Whenever you are getting ready to borrow money.

b) Don’t order a copy of it. It costs money.

c) Order a copy at least once a year.

d) When you get a divorce.

4. Which of the following is Not one of the Five C’s of Credit.

a) Character

b) Capacity

c) College degree

d) Capital

e) Conditions

5. Which do you think you should shop for first, your new home or the money to finance the new home?

a) New home

b) Money to finance a new home.

6. What information should you take with you when you go to the bank tomake an application for a mortgage loan?

a) W-2 forms for the past 2 years

b) Most recent pay stubs

c) Names, addresses, account numbers, balances and monthly payments for all revolving charge accounts

d) All of the above

7. Annual property taxes usually run between 1% and 3% of the cost of your home.

8. No matter what the other terms are, you should always apply for the credit card that has the lowest interest rate.

9. One good reason to have a credit card is that it is more convenient to order merchandise over the telephone or the internet.

10. PMI is another term for mortgage insurance.