Quiz on Empréstimo

What is the meaning of "empréstimo"?

• The action of lending.

• The action of borrowing.

• The action of saving.

• The action of spending.

Which of the following is an example of "empréstimo"?

• Saving money in a bank.

• Borrowing a book from a library.

• Spending money on groceries.

• Earning money from a job.

What is one of the first options when you need money?

• Asking for a loan

• Buying a car

• Going on a vacation

• Eating at a restaurant

Who can you ask for a loan from?

• A parent, a friend, a bank, or online

• A stranger, a pet, a tree, or a toy

• A teacher, a book, a computer, or a game

• A car, a house, a bike, or a boat

What is a personal loan?

• A) A loan offered by friends and family

• B) A loan offered by banks, credit cooperatives, and financial institutions

• C) A loan offered by schools

• D) A loan offered by grocery stores

What can a personal loan be used for?

• A) To buy groceries

• B) To cover unexpected expenses or pay off debts with higher interest rates

• C) To buy toys

• D) To pay for a vacation

Which of the following is an example of a higher interest rate debt that a personal loan can help pay off?

• A) Mortgage

• B) Credit card or overdraft

• C) Car loan

• D) Student loan

What is a personal loan used for?

• Only for buying a house

• Only for paying debts

• For anything you want, like paying debts, buying things, or traveling

• Only for traveling

What is a personal loan with collateral used for?

• Buying groceries

• Various uses with a free asset like a car or house

• Paying for a vacation

• Buying clothes

What happens to the asset in a personal loan with collateral?

• It is given to a friend

• It is sold immediately

• It is alienated to the financial institution as payment guarantee

• It is destroyed