Ramsey Chapter 4 Lesson 2 Textbook Game
Authored by Omari Richardson
Education
9th - 12th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What Is The Right definition For Revolving Credit
credit that automatically renews whenever a payment is made to reduce the debt
something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender
a lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash
None of the above
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What Is The Right Definition For The Word Lien?
something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender
credit that automatically renews whenever a payment is made to reduce the debt
a legal claim against (or right to own) an asset until the debt (loan) is repaid
None of the above
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is The Definition For The Word Collateral
None of the above
credit that automatically renews whenever a payment is made to reduce the debt
a legal claim against (or right to own) an asset until the debt (loan) is repaid
something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What Is The Definition Of The Word Appreciating Asset?
a lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash
an asset that increases in value over time
an asset that loses value over time, such as a car that’s worth less every year
None of the above
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What Is The Definition Of The Word Installment Credit?
a loan for a fixed amount of money that‘s paid back in monthly installments
an asset that increases in value over time
None These Above
When you have all the money In THE WORLD!!
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A Ramsey Solutions study showed that (blink) of Americans have a credit card.
10%
50%
90%
80%
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Credit cards work as a (blink) account.
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