A source of credit that may combine elements of open and closed‐end credit
PF 6.02: Credit Basics
9th - 12th Grade
•12 Qs
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PF 6.02: Credit Basics
Quiz
•
Computers
•
9th - 12th Grade
•
Medium
Used 44+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit
Alternative Credit
Credit Limit
Borrowed Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan based on the value of personal property
Pawn Loan
Payday Loan
Refund Anticipation
Rent to Own
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A short‐term loan that provides immediate cash by securing a borrower’s written check
Pawn Loan
Payday Loan
Refund Anticipation
Rent to Own
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Short‐term cash advance secured by a taxpayer’s expected tax refund
Pawn Loan
Payday Loan
Refund Anticipation
Rent to Own
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible items are leased with the condition that the item will be owned by the renter if the term of rent is completed.
Pawn Loan
Payday Loan
Refund Anticipation
Rent to Own
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The borrower gives the lender his/her automobile title in exchange for a set amount of cash.
Title Loan
Payday Loan
Refund Anticipation
Rent to Own
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Immediate cash by securing a borrower’s written check
Title Loan
Payday Loan
Refund Anticipation
Rent to Own
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