Borrower Beware Key Terms & Definitions
Quiz
•
Other, Business
•
7th Grade - Professional Development
•
Medium
Patricia Trubee
Used 3+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage or resource often in the form of property
liability
asset
collateral
default
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan made to somene who may have difficulty repaying it on time, often requiring higher interest rates an other less favorable terms than those offered to borrowers of good financial standing.
personal loan
payday loan
subprime loan
signature laon
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a legal proceeding that causes someone who has purchased a home with a mortgage (loan) to lose that home due to not paying the loan.
collateral
closing
foreclosure
default
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an asset used to guarantee repayment of a loan (the house or car one has a loan against for example)
default
collateral
liability
debit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entity that owns the money/monetary system in the United States
TARP
Freddie Mac
Fannie Mae
Federal Reserve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An estimate o the ability of a person or organization to fulfill their financial commitments, based on previous dealings
bubble
credit rating
character
collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
failure to pay a loan
foreclosure
default
deregulation
collateral
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
asset prices appear to be based on implausible or inconsistent views about the future
economic bubble or asset bubble
speculative bubble or price bubble
financial bubble or balloon
all of these
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
giving favors or better conditions to a close friend or someone to whom you owe a favor or debt (or whom you want to owe you a favor or debt)
Quid pro quo
status quo
fraud
cronyism
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