Loans

Loans

University

18 Qs

quiz-placeholder

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Loans

Loans

Assessment

Quiz

English, Business

University

Practice Problem

Medium

CCSS
RI.9-10.4, L.11-12.4C, L.11-12.4A

+12

Standards-aligned

Created by

Sisca Dewi

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

My friend offered the bank his house as .... when he needed a loan.

collateral

debt

term

tenure

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The bank will take possession of your car if you .... your car loan.

pay off

default on

endorse

compute

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The amount of money that the lender lends to the borrower is called ....

principal

tenure

default

collateral

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Media Image

The three elements of loan in credit rating that can be offered to the customer by the credit dept. are ....

amount

type

term

collateral

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

10 sec • 1 pt

Media Image

Loans for buying cars are called ....

commercial loans

personal loans

auto loans

loan application

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

To make sure if the loan applicant always paid back the loans in the past, the bank will check the customer's....

credit file

credit rating

charge account

charge card

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The first thing that the customer needs to do to take a loan is ....

fill out the loan application

compute the interest payments on the principal

check the customer's information in the credit file

decide tenure of the loan

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

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