Question: Definitions (Drop down menu) Amount financed APR Average daily balance Cash advance Deferred payment price Down payment Finance charge Amortization Open-end credit Revolving charge Truth

Definitions (Drop down menu) Amount financed APR Average daily balance Cash

Definitions (Drop down menu)

Amount financed

APR

Average daily balance

Cash advance

Deferred payment price

Down payment

Finance charge

Amortization

Open-end credit

Revolving charge

Truth in lending act

Match the following terms with their definitions. 6 2. 4. 5. 6. Cash price minus down payment Effective interest rate Sum of daily balance divided by number of days in billing cycle Loan from a credit card company Total of all monthly payments plus down payment Initial cash payment Total of all monthly payments minus amount financed A payment process A revolving charge account Purchase until maximum credit reached Doesn't dictate interest rates 7 8. 9. 10. 11

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