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Ch 25 Quiz Review

Authored by Nicholas Ruggieri

Business

9th - 12th Grade

10 Questions

Used 76+ times

Ch 25 Quiz Review
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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The one who lends the money is the

creditor

debtor

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following IS the amount of interest based you get charged based on?

length of loan

your salary

your parents salary

how many debit cards you have

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

College students (ages 18-21) fit into the largest age group of people with credit problems

True

False

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the fee that creditors charge for using their money called?

Cash

Interest

Payment

5.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Which type of loan does the book strongly recommend against using?

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

How long does a medium term loan last for?

0-3 years

1-5 years

5-10 years

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

While installment loans are made during a period of time, which loans are made for a longer period such as 15-30 years?

Single Payment

Pay day

Mortgage

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