A Bank Loan

A Bank Loan

Professional Development

15 Qs

quiz-placeholder

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A Bank Loan

A Bank Loan

Assessment

Quiz

Special Education

Professional Development

Medium

Created by

Nikolai Bohorquez

Used 7+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is okay to go into debt for things you don't really need.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should get your loan from the place that charges the highest interest.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Always quickly sign papers that are offered to you.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you make a big down payment, you'll pay interest on a larger amount of money.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A longer term loan is ideal because it will have lower monthly payments.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you are not careful you may take out a loan on an item that will break before the loan is complete.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principal of a loan is

the percentage of the loan that must be paid to the lender in addition to the loan amount.

the total amount paid when the loan is paid off.

the amount of money loaned before any fees or interest.

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