Personal Finance - 4.4 Credit and Debt

Personal Finance - 4.4 Credit and Debt

9th Grade - University

20 Qs

quiz-placeholder

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Personal Finance - 4.4 Credit and Debt

Personal Finance - 4.4 Credit and Debt

Assessment

Quiz

Mathematics, Life Skills

9th Grade - University

Medium

Created by

Dawn Hester

Used 10+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is usually needed when borrowing large amounts of money, the loan is secured with collateral

national debt

personal debt

unsecured loan

secured loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money an individual person owes

national debt

personal debt

unsecured loan

secured loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a long term rental agreement on a car

unsecured loan

secured loan

lease

PMI

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is given to borrowers based on their financial resources or ability to repay the loan

unsecured loan

secured loan

PMI

ARM

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ARM

a part of your body

adjustable rate mortgage

adding random math

reverse mortgage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of a lender taking something back (like a car) for failure to make payments

foreclosure

repossession

bankruptcy

grinch

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Private mortgage insurance

PMI

insurance needed because you didn't put a large enough down payment down on a house

pay my insurance

garnishment

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