Ch4 L2

Ch4 L2

9th - 12th Grade

10 Qs

quiz-placeholder

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Ch4 L2

Ch4 L2

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Stephen Loszewski

Used 12+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The legal claim to own something until the debt on it is paid off is called...

Lien

Debt

Default

Collateral

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Failure to repay a loan is referred to as...

Lien

Debt

Default

Collateral

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you own that is offered as a security for a debt is called...

Lien

Debt

Default

Collateral

4.

DRAG AND DROP QUESTION

1 min • 1 pt

An increase in your home's value would mean an increase in your home's ​ (a)  

Equity
Collateral
Lien
Asset

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a predatory lender would be a...

Payday Lender

Auto Lender

Home Lender

Rental Lender

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of credit that requires collateral is called..

Secured Credit

Unsecured Credit

Revolving Credit

Installment Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of credit that requires a scheduled payment plan is called...

Secured Credit

Unsecured Credit

Revolving Credit

Installment Credit

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