Loans Quiz

Loans

Quiz

•

English, Business

•

University

•

Medium

•

CCSS

RI.9-10.4, L.11-12.4C, L.11-12.4A

+11

Standards-aligned

Sisca Dewi

Used 488+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

My friend offered the bank his house as .... when he needed a loan.

collateral

debt

term

tenure

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The bank will take possession of your car if you .... your car loan.

pay off

default on

endorse

compute

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The amount of money that the lender lends to the borrower is called ....

principal

tenure

default

collateral

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

The three elements of loan in credit rating that can be offered to the customer by the credit dept. are ....

amount

type

term

collateral

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Loans for buying cars are called ....

commercial loans

personal loans

auto loans

loan application

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

To make sure if the loan applicant always paid back the loans in the past, the bank will check the customer's....

credit file

credit rating

charge account

charge card

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The first thing that the customer needs to do to take a loan is ....

fill out the loan application

compute the interest payments on the principal

check the customer's information in the credit file

decide tenure of the loan

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

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