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Ch4 L2
Quiz
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
Stephen Loszewski
Used 12+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The legal claim to own something until the debt on it is paid off is called...
Lien
Debt
Default
Collateral
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Failure to repay a loan is referred to as...
Lien
Debt
Default
Collateral
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something you own that is offered as a security for a debt is called...
Lien
Debt
Default
Collateral
4.
DRAG AND DROP QUESTION
1 min • 1 pt
An increase in your home's value would mean an increase in your home's (a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a predatory lender would be a...
Payday Lender
Auto Lender
Home Lender
Rental Lender
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of credit that requires collateral is called..
Secured Credit
Unsecured Credit
Revolving Credit
Installment Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of credit that requires a scheduled payment plan is called...
Secured Credit
Unsecured Credit
Revolving Credit
Installment Credit
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