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GA History Unit 5B Lesson 3: Types of Credit

Authored by Emmanuel Korhone

History

8th Grade

GA History Unit 5B Lesson 3: Types of Credit
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a loan to purchase a piece of property that allows the lender to claim the property if the mortgage is not paid

collateral

mortgage

credit card

credit score

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a number that banks and other lenders use to evaluate your ability to repay a loan

collateral

mortgage

credit card

credit score

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an item of value pledged for the repayment of a loan

collateral

mortgage

credit card

credit score

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a card used in place of money that lets the cardholder buy things and pay for them later

collateral

mortgage

credit card

credit score

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person who borrows money

credit

debt

creditor

debtor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

borrowed money owed to a lender

credit

debt

creditor

debtor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person or institution that loans money

credit

debt

creditor

debtor

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