Payday,cash Advance,check Advance,and Postdated Checks Are ________ Loans

question 113

Multiple Choice

Payday,cash advance,check advance,and postdated checks are ________ loans.

• A)inexpensive
• B)medium-priced
• C)expensive
• D)low APR
• E)variable APR

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Definitions:

Voting Stock

Shares of a company that grant the shareholder the right to vote on company matters, such as electing the board of directors, at shareholder meetings.

Available-For-Sale

A classification for financial assets indicating that they can be sold in the future but are not held for active trading or intended to be held to maturity.

Net Income

This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, often referred to as the bottom line.

Trading Securities

Trading securities are a form of investments that a company plans to buy and sell over a short period of time with the intention of profiting from the market movements.