PF 6.02: Credit Basics
Computers
9th - 12th Grade
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A source of credit that may combine elements of open and closed‐end credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan based on the value of personal property
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A short‐term loan that provides immediate cash by securing a borrower’s written check
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Short‐term cash advance secured by a taxpayer’s expected tax refund
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible items are leased with the condition that the item will be owned by the renter if the term of rent is completed.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The borrower gives the lender his/her automobile title in exchange for a set amount of cash.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Immediate cash by securing a borrower’s written check
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