
Chapter 4 Review: Credit and Debt
Authored by James Blahnik
Professional Development
9th - 12th Grade
Used 39+ times

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62 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a loan is not repaid, the ___________ of the borrower—used as security for the debt—could be sold by the lender.
Equity
Collateral
Depreciation
Credit Bureau
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) _________ is a number that indicates the likelihood of someone repaying debt.
Appreciating Asset
Revolving Credit
Term
Credit Score
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ________ reports on a person‘s credit history.
Equity
Collateral
Depreciation
Credit Bureau
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of time you have to pay back a loan is called the ___________ of the loan.
Term
Credit Score
Installment Credit
Lien
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an item is worth less than what you owe on it, that‘s called _______________.
Depreciating Asset
Equity
Collateral
Depreciation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making fixed payments on a loan over a set period of time is an example of _____________.
Revolving Credit
Term
Credit Score
Installment Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an asset loses value over time, that‘s _____________.
Depreciating Asset
Equity
Collateral
Depreciation
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