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Credit Reports & Loans
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Medium
+14
Standards-aligned
Cari Greco
Used 3+ times
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
the amount of money that is borrowed
interest
principal
term
down payment
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
an person who signs a loan along with a primary borrower and promises to repay the loan amount if the primary borrower cannot
cosigner
lender
commute
principal
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
APR
Annual Prorated Ratio
Arbitrary Proportion Rate
Amortization Processing Rate
Annual Percentage Rate
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
money borrowed from a bank
lease
lender
finance
term
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
to "rent" a car for a long period of time
lease
finance
borrow
commute
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
the amount currently owed on a loan
principal
balance
finance
term
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
an account that has been written off by a lender as a loss, and the account is closed to future charges
repossession
bankruptcy
debt collection
charge off
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