A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Collateral
12th Grade
•5 Qs
Similar activities
Financial freedom
9th - 12th Grade
•10 Qs
Loan Basics Recap
12th Grade
•6 Qs
Types of Loans and Credit
9th - 12th Grade
•6 Qs
The C's of Credit
9th - 12th Grade
•10 Qs
Islamic Banking and Finance Quiz for Working Institution
12th Grade
•10 Qs
Mortgage
7th Grade - University
•5 Qs
Amortization Schedule Basics
12th Grade
•10 Qs
Personal Finance 1
9th - 12th Grade
•10 Qs
Collateral
Quiz
•
Business
•
12th Grade
•
Easy
Carim Ramirez
Used 30+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loan
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Another word for credit is a loan
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan in which the borrower pledges some asset
Unsecured Loan
Secure Loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is not protected by any collateral. If you default on the loan, the lender can't automatically take your property.
Unsecured Loan
Secure Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
refers to asset the borrower has that could be taken by the lender if the borrower fails to repay.
Condition
Character
Capacity
Collateral
Similar Resources on Wayground
6 questions
Week10 Borrowing Basics Vocabulary Quiz
Quiz
•
9th - 12th Grade
10 questions
Banking: Chapter 8, Precautions of Advances
Quiz
•
12th Grade
10 questions
Managing Credit Quiz
Quiz
•
12th Grade
10 questions
Personal Finance 1
Quiz
•
9th - 12th Grade
10 questions
Sources of finance
Quiz
•
11th - 12th Grade
6 questions
Types of Loans and Credit
Quiz
•
9th - 12th Grade
10 questions
Islamic Banking and Finance Quiz for Working Institution
Quiz
•
12th Grade
10 questions
Week 4 Account Classifications
Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles
Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)
Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System
Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice
Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers
Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons
Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)
Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review
Quiz
•
10th Grade