Loan
Authored by Margaret Anderson
English
University
CCSS covered
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18 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
My friend offered the bank his house as .... when he needed a loan.
collateral
debt
term
tenure
Tags
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.8.4
CCSS.RL.11-12.4
CCSS.RL.9-10.4
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The bank will take possession of your car if you .... your car loan.
pay off
default on
endorse
compute
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.8.4
CCSS.RI.7.4
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The amount of money that the lender lends to the borrower is called ....
principal
tenure
default
collateral
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
The three elements of loan in credit rating that can be offered to the customer by the credit dept. are ....
amount
type
term
collateral
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Loans for buying cars are called ....
commercial loans
personal loans
auto loans
loan application
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To make sure if the loan applicant always paid back the loans in the past, the bank will check the customer's....
credit file
credit rating
charge account
charge card
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The first thing that the customer needs to do to take a loan is ....
fill out the loan application
compute the interest payments on the principal
check the customer's information in the credit file
decide tenure of the loan
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