
Loans
Quiz
•
Other
•
9th - 12th Grade
•
Hard
+2
Standards-aligned
KRISTI WHIPPS
Used 13+ times
FREE Resource
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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