Economics Credit and Debt

Economics Credit and Debt

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

When an asset loses value over time, that's:

Back

Depreciation

2.

FLASHCARD QUESTION

Front

The amount of time you have to pay back a loan is called the ______ of the loan.

Back

Term

3.

FLASHCARD QUESTION

Front

A ________________ is a number that indicates the likelihood of someone repaying debt.

Back

Credit Score

4.

FLASHCARD QUESTION

Front

Something used as security for a debt is called:

Back

Collateral

5.

FLASHCARD QUESTION

Front

When an item is worth less than what you owe on it, you have:

Back

Negative Equity

6.

FLASHCARD QUESTION

Front

Kind of credit that is repaid with fixed monthly payments:

Back

Installment

7.

FLASHCARD QUESTION

Front

Kind of credit that is paid monthly but has varying amounts due based on amount owed:

Back

Revolving

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?