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Financial literacy: Savings, loans, investments

Authored by Ashley Martin

Other

9th Grade

Used 13+ times

Financial literacy: Savings, loans, investments
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

manner by which a result is obtained or an end is achieved

means

interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

debt for which one is responsible to pay

collateral

liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

property acceptable as a security for a loan or other obligation

collateral

consumer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

total assets minus liabilities or debt

net worth

means

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

event which occurs when a homeowner stops making mortgage payments and the lender takes possession of the property in order to sell it

FDIC

foreclosure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

legal process available for an individual who is overextended financially and is unable to pay debts

bankruptcy

collateral

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

person who acquires goods and services for use, usually through [purchasing with money

consumer

interest

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