Finance Quiz

Finance Quiz

12th Grade

15 Qs

quiz-placeholder

Similar activities

Buying a House

Buying a House

10th - 12th Grade

20 Qs

Business Law 4.01

Business Law 4.01

9th - 12th Grade

20 Qs

Student Loans

Student Loans

9th - 12th Grade

18 Qs

Credit Scores

Credit Scores

7th - 12th Grade

20 Qs

CREDIT!!!

CREDIT!!!

9th - 12th Grade

12 Qs

Mortgages

Mortgages

9th - 12th Grade

12 Qs

PF 6.02, 6.03, 6.04

PF 6.02, 6.03, 6.04

KG - University

16 Qs

Credit Cards

Credit Cards

7th - 12th Grade

10 Qs

Finance Quiz

Finance Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Bradley Dial

Used 5+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit?

Money exchanged in a bartering and trading society

Money saved for emergencies

Money used to purchase items at a general store

Money borrowed to buy something now, with the agreement to pay for it later

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the earliest forms of credit?

Taking out loans from creditors

Using credit cards

Buying things on account at a general store

Borrowing money from banks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capital in the context of credit?

The property pledged to assure repayment of a loan

The total dollar amount of all interest and fees paid for the use of credit

The property possessed that is worth more than debts

The ability to repay a loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score used for?

Determining the minimum payment required on a loan

Determining the credit limit on a credit card

Determining the interest rate charged to a borrower

Determining the amount of money a borrower can borrow

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the annual percentage rate (APR)?

The actual yearly cost of funds over the term of a loan or income earned on an investment

The yearly interest generated by a sum charged to borrowers or paid to investors

The total dollar amount of all interest and fees paid for the use of credit

The cost of credit expressed as a yearly percentage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is collateral in the context of credit?

The ability to repay a loan

The total dollar amount of all interest and fees paid for the use of credit

The property pledged to assure repayment of a loan

The property possessed that is worth more than debts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance due in a credit purchase?

The amount borrowed plus the interest for the time the loan is held

The amount owed to the creditor once the credit purchase is completed

The total dollar amount of all interest and fees paid for the use of credit

The minimum payment required each month under the credit agreement

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?