Question 17 points) Match each term on the left with its correct definition on the right
Column A
Credit
2
Interest
3
Term
Repayment
Columns
a. Short-term, high-interest loans
b. Money borrowed with the expectation of future
repayment
The length of a loan
d. The act of repaying a loan, including any interest and fees
e issued by a bank or company, usually with a credit limit
f. The smallest amount a consumer should pay each month
In order to avoid fees and maintain good credit history
& The charge for the privilege of borrowing money
5
Minimum payment
6
Easy access loans
Credit cards