Chapter 8 Loans Vocabulary Test
12th Grade
•12 Qs
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Chapter 8 Loans Vocabulary Test
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Medium
+4
Standards-aligned
Tiffany Jordan
Used 59+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The _______ is the portion of the cash price that is owed on an item after making the down payment.
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The _____ _____ ______ is an index showing the cost of borrowing money on a yearly basis, expressed as a percent
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ______ _______ is a portion of the cash price of an item that has to be paid before financing the rest on credit
Tags
CCSS.5.NBT.A.2
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
______ ________ is interest on a loan calculated by basing the time of the loan on a 365-day year
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) _______ ________ is the payment on a simple interest loan that consists of the remaining balance plus the current month's interest
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ______ _______ is a loan repaid in equal payments over a specified period of time
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The _______ _______ is the total amount that must be repaid on a loan, including the principal borrowed and the interest owed
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