Intro to Personal Finance Test #1
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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49 questions
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1.
FLASHCARD QUESTION
Front
Mortgage loans are typically the longest-term loans most consumers take on.
Back
True
2.
FLASHCARD QUESTION
Front
Payday loans are considered low-risk and low-interest loans.
Back
False
3.
FLASHCARD QUESTION
Front
Can student loans sometimes be forgiven under specific government programs?
Back
True
4.
FLASHCARD QUESTION
Front
A car loan is usually a secured loan.
Back
True
5.
FLASHCARD QUESTION
Front
Credit cards are considered installment loans.
Back
False
6.
FLASHCARD QUESTION
Front
Business loans can be backed by the Small Business Administration (SBA).
Back
True
7.
FLASHCARD QUESTION
Front
Home equity loans rely on the borrower’s credit score but not on property value.
Back
False
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