Mortgages and Investing

Mortgages and Investing

12th Grade

10 Qs

quiz-placeholder

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Mortgages and Investing

Mortgages and Investing

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Austin Schilling

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

What does "ARM" stand for in the context of mortgages?

Adjustable Rate Mortgage

Annual Rate Mortgage

Average Rate Mortgage

Advanced Rate Mortgage

2.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

What is the process called when the bank collects all payments and uses the funds to pay your insurance and taxes?

Amortization

Refinancing

Escrow

Foreclosure

3.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

If your house is worth $300,000 and you owe the bank $250,000, what is your home equity?

$50,000

$250,000

$300,000

$550,000

4.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

How can having several 'short term' loans affect your decision to choose a loan with a higher interest rate?

It allows you to roll them into the mortgage

It prevents you from buying a house

It increases your overall debt

It decreases your credit score

5.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

What happens if a business goes bankrupt and you own its stocks?

You receive dividends

You lose your investment

You gain more shares

You get a refund

6.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

What should you consider before investing in stock markets?

Stock investment is always safe

You can only invest through banks

Stock investment is tricky and you could lose your investment

You need to invest in all stock markets

7.

MULTIPLE CHOICE QUESTION

30 mins • 1 pt

Which market indicator measures the daily performance of nearly all stocks on its market to indicate market health?

Dow Jones

S&P 500

NASDAQ

Nikkei 225

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