Loans
University
•18 Qs
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Loans
Quiz
•
English, Business
•
University
•
Practice Problem
•
Medium
+11
Standards-aligned
Sisca Dewi
Used 503+ times
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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
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
Loans for buying cars are called ....
commercial loans
personal loans
auto loans
loan application
Tags
CCSS.RI.11-12.4
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.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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