There are several different types of consumer loans offered by financial institutions. The one that is guaranteed by both the federal and provincial governments is a

  “Permit me to issue and control the money of a nation, and I care not who makes its laws!” Mayer Amschel RothschildGenerally the meaning behind this quote is true in Canada today.  

A creditor is any person or business that buys on credit or receives a loan.

All of the following are disadvantages of credit except…

Peter borrows $10,000 dollars to start his new business. Because he is higher risk the bank he borrowed the money from charges him 8% per annum. After 2 years he will owe/paid $_________ in interest if the principal stays the same.

 Michelle (Dragon) thinks Terry is an engineer and needs a good sales person.

Great engineers need help selling according to Michelle.

Credit has many advantages but, because of the costs involved, saving money is not one of them.

“Buy now, pay later” is a phrase that is frequently used in retail advertising.

An account that allows consumers to charge purchases at any time, as long as the consumers pays at least a minimum monthly payment, is called a… (check your investigation section)