Loans

Loans

9th - 12th Grade

12 Qs

quiz-placeholder

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Loans

Loans

Assessment

Quiz

Other

9th - 12th Grade

Hard

CCSS
RI.9-10.4, 7.RP.A.3, RI.11-12.4

+2

Standards-aligned

Created by

KRISTI WHIPPS

Used 13+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you lease a car, you are the

lessor

renter

lessee

cosigner

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between what you owe on your home and the balance of the mortgage on the home.

assessment

underwater

mortgage

equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract for a car loan should have all of the following except...

It should allow you to pay extra each month.

total amount of interest to be paid.

It should not allow you to pay extra each month.

no prepayment penalty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a bank takes possession of a home because the borrower has failed to make loan payments.

underwater

equity

mortgage

foreclosure

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before renting an apartment, you should consider all of the following except

The safty of the area around the apartment.

The location of the apartment

The interest rate

The amount of the rent.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will be returned to you at the end of your car lease if you return the car in good condition?

down payment

assessment

Collateral

security deposit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lenders typically require what percentage down payment on a home mortgage?

20

10

15

25

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