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Quiz for AHRM 4314 - Debtor-Creditor Relationships with Glynn at Virginia Tech (VT)

Quiz Information

Material Type:Quiz 6
Professor:Glynn
Class:AHRM 4314 - Debtor-Creditor Relationships
Subject:Apparel, Housing, & Resour Mgt
University:Virginia Polytechnic Institute And State University
Term:Fall 2005
Keywords:
  • Following Statement
  • Either...or
  • Substantive
  • Provided That
  • Assumptions
  • Perspective
  • Credit Cards
  • Relationship
  • Relationships
  • Such Factors
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Sample Document Text

97 ~ tr~ rA t.() I LJ QUI Z #6-with answers FlO s- 1. (15) If there is a 10% rise in the cost (interest rates, ' fees, etc.) of credit accessed through credit cards, what would be the likely response by consumers holding those credit cards? (Circle the most correct response to the question.) a. 10% increase in the quantity of credit demanded b. an increase in the quantity of credit demanded, but something greater than 10% c. an increase in the quantity of credit demanded, but something less than 10% d. 10% decrease in the quantity of credit demanded e. a decrease in the quantity of credit demanded, but something greater than 10% 0) a decrease in the quantity of credit demanded, but something less than 10% g. unable to tell from the information provided ,/;;;--" 2. (15) (!ji;i or False (Circle the one which best describes the following statement.) Without consumer credit protection laws, unethical business practices (excluding fraud, which under basic contract law is illegal anyw...

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