Types of Credit
12th Grade
•25 Qs
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Types of Credit
Quiz
•
Financial Education
•
12th Grade
•
Practice Problem
•
Easy
Tina Zuniga
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan is meant to cover medical expenses?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of overdraft protection?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a credit card?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a cash advance?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan has a large final payment at the end?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan is used for covering emergencies until the next paycheck?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan has fixed payments over time?
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