
W!SE Review
Quiz
•
Business
•
9th - 12th Grade
•
Easy
TONYA VOWELS
Used 8+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHEN A PERSON DECLARES BANKRUPTCY THAT FACT WILL APPEAR ON THE PERSON'S CREDIT REPORT
FOR 3 YEARS
FOR 10 YEARS
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHEN A PERSON BRINGS AN ITEM TO A PAWNSHOP TO OBTAIN CASH, THE TRANSACTION IS CONSIDERED
A COLLATERALIZED LOAN
AN UNSECURED LOAN
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TO QUALIFY FOR A FEDERAL HOUSING ADMINISTRATION (FHA) LOAN, A PERSON MUST GENERALLY
PROVIDE 2 INDIVIDUALS TO CO-SIGN THE LOAN
FULFILL INCOME GUIDELINES
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A PERSON HAS THREE CREDIT CARDS WITH VERY LARGE OUTSTANDING BALANCES AND IS UNABLE TO MAKE PAYMENTS ON ANY OF THEM. WHICH ACTION SHOULD THE PERSON TAKE?
NOTIFY A CREDIT REPORTING AGENCY IN ORDER TO AVOID A LATE FEE
NOTIFY THE CREDIT CARD COMPANIES IN ORDER TO NEGOTIATE A NEW PAYMENT PLAN
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHICH OF THE FOLLOWING IS CONSIDERED TO BE OPEN-END CREDIT
DEPARTMENT STORE CHARGE CARDS
INSTALLMENT LOAN
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHAT IS MEANT BY AN UNCOLLATERIZED LOAN
A PERSONAL LOAN WITHOUT ASSETS TO COVER THE LOAN AMOUNT
A HOME EQUITY LOAN
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
THE TYPE OF CREDIT CARD ISSUED BY AN OIL COMPANY (A GAS CARD), BANK, OR DEPARTMENT STORE IS
A DEBIT CARD
A REVOLVING CHARGE CARD
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