Chapter 18 Quiz Review

Chapter 18 Quiz Review

9th - 12th Grade

13 Qs

quiz-placeholder

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Chapter 18 Quiz Review

Chapter 18 Quiz Review

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jenell Warren

Used 3+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A down payment is a partial payment made at the time of the purchase.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The date on which a loan must be repaid is known as the final payment date.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three Cs of credit are character, capacity, and creditworthiness.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit bureau gathers and reports information on credit users.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Property that is used as security for a loan is called collateral.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The legal process of reducing or eliminating money owed is bankruptcy.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The annual percentage rate states the percentage cost of credit per month.

True

False

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