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

Quiz
•
Mathematics
•
12th Grade
•
Medium
Hannah Wilson
Used 10+ times
FREE Resource
12 questions
Show all answers
1.
DRAG AND DROP QUESTION
1 min • 1 pt
2.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) - the amount borrowed
3.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) (APR) - the interest rate you pay per year
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
5.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) - a type of insurance that pays a specified amount upon the policy holders death
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
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
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