Financial Literacy Flashcard

Financial Literacy Flashcard

Assessment

Flashcard

Social Studies

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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24 questions

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1.

FLASHCARD QUESTION

Front

What is the term for money owed?

Back

Debt

2.

FLASHCARD QUESTION

Front

Which type of loan involves equal payments over a fixed period? Options: Secured loan, Unsecured loan, Installment loan, Predatory loan

Back

Installment loan

3.

FLASHCARD QUESTION

Front

What is the maximum dollar amount that can be borrowed called?

Back

Credit limit

4.

FLASHCARD QUESTION

Front

What is a loan that doesn't require any collateral?

Back

Unsecured loan

5.

FLASHCARD QUESTION

Front

What is something you pledge to a lender if you fail to make payments?

Back

Collateral

6.

FLASHCARD QUESTION

Front

What is a rating used by credit reporting companies to help lenders decide credit extension?

Back

Credit score

7.

FLASHCARD QUESTION

Front

What summarizes a person's borrowing and repayment history?

Back

Credit history

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