Types & Cost of Credit
Authored by Brenda Badura
Other
9th - 12th Grade
CCSS covered
Used 44+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of money borrowed
lien
collateral
interest
principal
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money charged by the lender for the amount borrowed, expressed as an annual percentage.
Interest rate
collateral
principal
loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of time allotted for repayment of a loan
Collateral
Term
Daylight savings time
repossession
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit backed by collateral
secured credit
unsecured credit
credit card
lien
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit not backed by collateral
car loan
unsecured credit
secured credit
defered payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset assigned as security for a loan
term
down payment
lien
collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Claim to the property of borrower to secure the payment of a debt
lien
collateral
subsidized loan
secured debt
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