Advantages of Consumer Credit: Filling in the Blanks - Prof. Julie A. Chadd, Study notes of School management&administration

Download Advantages of Consumer Credit: Filling in the Blanks - Prof. Julie A. Chadd and more Study notes School management&administration in PDF only on Docsity! Instructions: At the bottom of this page is a new kind of test. Each of these tests is made by copying a few paragraphs from a book. Every fifth word was left out of the paragraphs, and blank spaces were put where the words were taken out. Your job will be to guess what word was left out of each space and to write that word in that space. It will help you in taking the test if you remember these things: Write only one word in each blank. Try to fill every blank. Don’t be afraid to guess. You may skip hard blanks and come back to them when you have finished. Wrong spelling will not count against you if I can tell what word you meant. Most of the blanks can be answered with ordinary words, but a few will be—  numbers like 3,427 or $12 or 1954  contractions like can’t or weren’t  abbreviations like Mrs. or U.S.A.  parts of hyphenated words like self- in the word self-made Fill in each blank with the word you think was taken out. Write neatly. Advantages of Credit Consumer credit enables people to enjoy goods and services now—a car, a home, and education, help in emergencies—and pay for them through payment plans based on future income. Credit cards permit the _______________ of goods even when _______________ are low. Customers with _______________ approved credit may receive _______________ extras, such as advance _______________ of sales and the _______________ to order by phone _______________ to buy on approval. _______________ addition, many shoppers believe ________________ is easier to return _______________ they have purchased on _______________. Credit cards also provide _______________ convenience and the efficiency _______________ paying for several purchases _______________ one monthly payment. Credit ________________ more than a substitute _______________ cash. Many of the _______________ it provides are taken _______________ granted. Every time you _______________ on the water tap, _______________ the light switch, or _______________ a friend, you are _______________ credit. It is safer _______________ use credit, since charge _______________ and credit cards let _______________ shop and travel without _______________ a large amount of _______________. You need a credit _______________ to make a hotel _______________, rent a car, and _______________ by phone. You may also use credit cards for identification when cashing checks, and the use of credit provides you with a record of expenses.