PF Unit 4 Test

PF Unit 4 Test

9th - 12th Grade

32 Qs

quiz-placeholder

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PF Unit 4 Test

PF Unit 4 Test

Assessment

Quiz

Financial Education

9th - 12th Grade

Easy

Created by

Ryan Wolf

Used 8+ times

FREE Resource

32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Value of property you own such as bank accounts investments real estate, after deducting debts.

Credit

Capital

Collateral

Finance Charge

Line of Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of someone else's money borrowed now and agreed to pay back later.

Credit

Capital

Collateral

Finance Charge

Line of Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Property pledged to assure repayment of a loan.

Credit

Capital

Collateral

Finance Charge

Line of Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total dollar amount of all interest and fees you pay for credit.

Credit

Capital

Collateral

Finance Charge

Line of Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Established amount that can be borrowed on demand with no collateral.

Credit

Capital

Collateral

Finance Charge

Line of Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Open ended credit

Borrower can use credit up to a stated limit

Cost of credit expressed as a yearly percentage.

loan for a specific amount that must be repaid in full.

organization that makes high-risk consumer loans

Legal business that makes high-interst loans based on the value of personal possessions.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

APR

Borrower can use credit up to a stated limit

Cost of credit expressed as a yearly percentage.

loan for a specific amount that must be repaid in full.

organization that makes high-risk consumer loans

Legal business that makes high-interst loans based on the value of personal possessions.

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