Loan Fundamentals
Authored by Tera Baldwin
Business, Computers, Mathematics
9th - 12th Grade
Used 40+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that is borrowed and expected to be paid back with interest
Loan
Credit
Bankruptcy
Lender
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person, bank or company who you are borrowing money from
Loan
Principal
Interest
Lender
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An installment loan that provides money for a car
Personal Loan
Auto Loan
Mortgage
Student Loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An installment loan that provides money for a house
Personal Loan
Auto Loan
Mortgage
Student Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An obligation owed by one party to a second party
Debt
Debit
Bankruptcy
Interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An initial payment made when something is bought on credit
Debt
Down Payment
Principal
Interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An installment loan that provides funds borrowers can use for college tuition, textbooks, or living expenses
Personal Loan
Auto Loan
Mortgage
Student Loan
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