Consumer credit

Consumer credit

1st - 3rd Grade

5 Qs

quiz-placeholder

Similar activities

Quiz - Contra Adjustment

Quiz - Contra Adjustment

1st - 10th Grade

10 Qs

Dengue

Dengue

1st Grade

10 Qs

turn in red (BY Emmanuel)

turn in red (BY Emmanuel)

2nd - 3rd Grade

10 Qs

Chess Quiz

Chess Quiz

KG - 12th Grade

10 Qs

MMS Tiny House Quiz

MMS Tiny House Quiz

KG - Professional Development

10 Qs

How well do you know me

How well do you know me

1st Grade - Professional Development

10 Qs

Выбери правильную песню!

Выбери правильную песню!

1st - 3rd Grade

10 Qs

Basic English Test

Basic English Test

KG - Professional Development

10 Qs

Consumer credit

Consumer credit

Assessment

Quiz

Other

1st - 3rd Grade

Practice Problem

Hard

Created by

Anna Fadl

Used 13+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A bank that is looking at your past payment records on your loans is most likely examining which aspect of the 5 Cs of lending?

character

capacity

collateral

capital

conditions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A loan officer is examining your income and the amount of your existing debt payments in deciding whether to make a loan to you today. Which aspect of the 5 Cs of lending is the loan officer most likely looking at?

character

capacity

capital

collateral

conditions

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

These are examples of closed-end credit:

Mortgage loans

Department store cards

Automobile loans

Installment loans

Visa credit cards

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Larry Arnold gets a direct loan of money to go on vacation with his family. He will repay the loan over the next twelve months. What type of credit did Larry use?

installment sales credit

installment cash credit

single lump sum credit

revolving credit

incidental credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debt payments-to-income ratio is:

calculated by dividing total liabilities by net worth.

calculated by dividing monthly debt payments (not including house payments) by net monthly income.

determined by dividing your assets by your liabilities.

a useless ratio for determining your credit capacity.

rarely used by creditors in determining credit worthiness.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?