Personal Finance 2022 Final Quizizz

What is the amount of money you, the insured, pay to an insurance company in exchange for coverage?

• Premium

• Deductible

Which of these below are for non-profit?

• Banks

• Credit Unions

What are loans for rural and low-income homebuyers?

• USDA

• VA

What percentage of your home's equity can you borrow with a home equity loan?

• 85%

• 100%

Why would you take out a debt consolidation loan?

• Consolidate Debt

• One payment

• Lower interest rate

• Save money

• All the above

Which one of these below can charge you up to 400% interest?

• Title loans

• Payday loans

Which of these below may be familiar to most people, but may not offer the best interest rates?

• Banks

• Credit Unions

Which of these below are negatives for not having a bank account?

• Hard securing financial services

• Fee for cashing checks

• May have to use payday lenders

• All the above

What happens when there is too much money in the economy?

• Prices go up

• Prices go down

What is "Your cards daily rate" x "days in a billing cycle" x "your balance" = ?

• Credit score

• Monthly interest charge