Wk 5 Exam(makeup) Borrowing Basics--Due: 1/10/21

Wk 5 Exam(makeup) Borrowing Basics--Due: 1/10/21

9th - 12th Grade

15 Qs

quiz-placeholder

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Wk 5 Exam(makeup) Borrowing Basics--Due: 1/10/21

Wk 5 Exam(makeup) Borrowing Basics--Due: 1/10/21

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Jorge Alvizo

Used 20+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following provides international banking to multinational corporations?

Federal bank

Merchant bank

Peer-to-peer lending

Interest banking

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following requires the borrower to offer a securement to the lender, in case they do not repay the loan?

Credit card

. Collateral

Character

Paycheck

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a credit report mistake which can occur?

Incorrect payment status

. Outdated information

. Recent public records

Misinformation of personal records

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT considered a bad borrowing habit?

Spending more than can be earned

. Ignoring credit reports

Failing to budget

Reviewing debt periodically

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of revolving credit?

Credit card

Student loan

. Mortgage

Auto loan

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following credit scores are considered fair?

Below 600

630 to 689

690 to 719

Above 720

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is also known as social lending or crowd lending?

Peer-to-peer lending

Pay day lending

Title loans

Collateral

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