Fast Cash and Payday Loans

Fast Cash and Payday Loans

9th - 12th Grade

12 Qs

quiz-placeholder

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Fast Cash and Payday Loans

Fast Cash and Payday Loans

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jackie Crawley-Harrison

Used 589+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Financial services offered by providers that are not banks.

credit unions

schools

alternative financial services

commercial lenders

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

the cost of credit on a yearly basis, expressed as a percentage, total cost of credit to the consumer.

APR(Annual percentage rate)

interest rate

origination fee

maintenance fee

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

a check that is not honored by a bank and is returned to the payee's bank due to nonsufficient funds (NSF) in the account.

money order

bounced check

blank check

cancelled check

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Property required by the lender and offered by a borrower as a guarantee of payment on a loan.

finance charge

fixed property

collateral

lien

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

a specified period of time within which a consumer can back out of an agreement to buy something.

2 weeks

real time

buyers remorse

cooling off period

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

a number assigned to a person that indicates to lenders their capacity to repay a loan. Indicates a person's credit risk.

real score

credit score

social security number

PIN #

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

the price paid for the use of borrowed money. using someone else's money.

finance fee

collateral

credit bureau

interest

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