Credit Basics - S25TH

Credit Basics - S25TH

12th Grade

74 Qs

quiz-placeholder

Similar activities

Chapter 3 Earnings and Income Test

Chapter 3 Earnings and Income Test

12th Grade

78 Qs

CÂU HỎI TRẮC NGHIỆM TÀI CHÍNH QUỐC TẾ

CÂU HỎI TRẮC NGHIỆM TÀI CHÍNH QUỐC TẾ

12th Grade

75 Qs

Unit 3 Test Review

Unit 3 Test Review

12th Grade

75 Qs

Credit Basics - S25TH

Credit Basics - S25TH

Assessment

Quiz

Financial Education

12th Grade

Easy

Created by

Dean Kuckelman

Used 6+ times

FREE Resource

74 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Alternative credit usually has lower interest rate and other terms that are good for the borrower.
True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Secured loans usually have less risk for the lender than unsecured loans.
True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If your loan is secured by some collateral, you can usually get:
More money
Longer payback
Lower interest rates
All of these
None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. For closed- ended loans, the date that the loan must be paid off in full is fixed.
True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a closed-end loan:
Credit card
Car loan
Mortgage
Student loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Interest rates on student loans are low because there is collateral that secures the loan:
True
False

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Payday lenders verify which of these things before loaning money:
Employment
Checking account
Credit score
Debts to other lenders

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?