8-2 Personal Finance
Authored by Eric Mlinar
Business
10th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a cash deposit toward the purchase price that is paid up front?
Trade-in
Down payment
Refinancing
Mortgage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a contract in which a portion of the renter's monthly payment is applied toward the purchase price of the rented item?
Debt repayment plan
Rent-to-own agreement
Balloon payment
Preapproved loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a loan for which a maximum amount is established and approved in advance?
Refinancing
Preapproved loan
Trade-in
Mortgage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is paying off an existing loan with a new loan that usually has better terms?
Debt repayment plan
Prepayment penalty
Rent-to-own agreement
Refinancing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a loan used to purchase real estate?
Preapproved loan
Balloon payment
Mortgage
Trade-in
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a strategy for paying off debt in a way that reduces the total interest paid?
Prepayment penalty
Preapproved loan
Refinancing
Debt repayment plan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a large lump sum payment that must be paid at a set time?
Mortgage
Rent-to-own agreement
Balloon payment
Trade-in
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
