Loans Review

Loans Review

Assessment

Flashcard

Geography

8th - 10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

Auto Loan: Installment vs Revolving; Secured vs. Unsecured

Back

Installment/Secured

2.

FLASHCARD QUESTION

Front

Credit Card
Installment vs Revolving
Secured vs. Unsecured
What is the correct classification?

Back

Revolving/Unsecured

3.

FLASHCARD QUESTION

Front

Mortgage: Installment vs Revolving; Secured vs. Unsecured

Back

Installment/Secured

4.

FLASHCARD QUESTION

Front

Personal Loan: Installment vs Revolving; Secured vs. Unsecured

Back

Installment/Unsecured

5.

FLASHCARD QUESTION

Front

Small Business Loan: Installment vs Revolving; Secured vs. Unsecured

Back

Installment/Secured

6.

FLASHCARD QUESTION

Front

Student Loan: Installment vs Revolving; Secured vs. Unsecured

Back

Installment/Unsecured

7.

FLASHCARD QUESTION

Front

Which of the following is NOT true about why people use credit instead of cash on some items?

  • Need to purchase a necessity before they have the funds available
,
  • Want the safety or rewards that come along with credit cards
, Build their credit history, To spend money whenever they want

Back

To spend money whenever they want

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