Ch 19.1 - Financial Institutions and Your Money (Impact)
Authored by Jesus Mendoza
Social Studies
10th - 12th Grade
Used 9+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ____ is a group that channels savings to investors.
Creditors
Financial Institutions
Collateral
Secured
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Payment made for the use of borrowed money is called
Financial Institution
Creditors
Interest
Secured
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Persons or institutions to whom money is owed
Financial Institutions
Interest
Creditors
Collateral
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something of value that can be claimed by a lender if a loan is not repaid
Property
Creditor
Collateral
Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of loan that is backed up by something of value.
unsecured
secured
personal loan
debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are considered a financial institution
a bank
insurance company
a savings and loan
all of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who pays interest on a loan
a lender
a borrower
a credit union
a creditor
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