
5.2 Borrowing Money
Authored by Jean-Claude On
Mathematics
9th Grade
Used 9+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
When borrowing money, the interest is
how interested you are in borrowing money
the cost you must pay in order to borrow money
the extra money you gain when borrowing money
the amount of money that you need to borrow
2.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
Select all the accurate descriptions associated with borrowing money from a bank or company.
Borrowing money is free. Banks and businesses help you out of the kindness of their hearts.
You must pay banks and businesses a fee when borrowing money.
You should only borrow money from banks and businesses when you have no other choice.
It's recommended to borrow money often from banks and businesses to buy nicer things for yourself.
Credit card companies are a form of borrowing money with associated costs.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you must borrow money, a high interest rate will
increase the amount of interest you pay
decrease the amount of interest you pay
have no effect
ensure that more people are interested in borrowing money
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you must borrow money, taking a long time to pay it off will
increase the amount of interest you pay
decrease the amount of interest you pay
have no effect
ensure that your kids will pay your debt for you
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you must borrow money, having a larger down payment will
increase the amount of interest you pay
decrease the amount of interest you pay
have no effect
ensure that your money is kept safe down in a hole
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you must borrow money, a low interest rate will
increase the amount of interest you pay
decrease the amount of interest you pay
have no effect
ensure that not many people are interested in borrowing money
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you must borrow money, paying off the loan over a shorter amount of time will
increase the amount of interest you pay
decrease the amount of interest you pay
have no effect
ensure that friends will help you pay your debt tomorrow
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