3.2 Loans Vocab

3.2 Loans Vocab

12th Grade

12 Qs

quiz-placeholder

Similar activities

Consumer Credit 1/2

Consumer Credit 1/2

10th - 12th Grade

15 Qs

3-2 Vocab

3-2 Vocab

9th - 12th Grade

12 Qs

3.1-3.2 Vocab Quiz Review

3.1-3.2 Vocab Quiz Review

11th - 12th Grade

14 Qs

Wage & Salary Vocabulary

Wage & Salary Vocabulary

9th - 12th Grade

10 Qs

Mortgages PRE TEST

Mortgages PRE TEST

11th - 12th Grade

12 Qs

Budgeting Unit Review

Budgeting Unit Review

12th Grade

17 Qs

3.2 Loans

3.2 Loans

11th - 12th Grade

13 Qs

Unit 5 Topic 2-3 Vocabulary

Unit 5 Topic 2-3 Vocabulary

12th Grade

14 Qs

3.2 Loans Vocab

3.2 Loans Vocab

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Hannah Wilson

Used 10+ times

FREE Resource

12 questions

Show all answers

1.

DRAG AND DROP QUESTION

1 min • 1 pt

(a)   - an agreement that states the terms of the loan

Promissory Note
Collateral
Principal
Cosigner

2.

DRAG AND DROP QUESTION

1 min • 1 pt

​ ​ (a)   - the amount​ borrowed

Principal
Interest
Discount
Tax

3.

DRAG AND DROP QUESTION

1 min • 1 pt

​ (a)   (APR) - the interest rate you pay per year

Annual Percentage Rate
Interest
Life Insurance
Collateral

4.

DRAG AND DROP QUESTION

1 min • 1 pt

​ (a)   - the person who agrees to pay back the loan if the borrower is unable to do so

Cosigner
Principal
Collateral
Wage Assignment

5.

DRAG AND DROP QUESTION

1 min • 1 pt

​ (a)   - a type of insurance that pays a specified amount upon the policy holders death

Life Insurance
Medical Insurance
Auto Insurance
Pet Insurance

6.

DRAG AND DROP QUESTION

1 min • 1 pt

​ (a)   - allows the borrower to make payments before the due date to reduce the amount of interest

Prepayment Privilege
Wage Assignment
Wage Garnishment
Balloon Payment

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

​ Voluntary deductions from an employee's paycheck, used to pay off debts

Wage Garnishment

Wage Assignment

Balloon Paycheck

Collateral

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?