Mortgages and Investing

Quiz
•
Social Studies
•
12th Grade
•
Hard
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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