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EAP7 - Chapter 1 Review

Authored by Myra Thomas

Other

7th Grade

Used 1+ times

EAP7 - Chapter 1 Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A person or organization that receives money from a lender with the agreement to return it later.

savings

borrower

loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A non-profit financial institution owned and controlled by its members.

bank

savings

credit union

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A non-profit financial institution owned and controlled by its members.

bank

savings

credit union

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A person or organization that loans money with the expectation of being repaid.

bank

lender

credit union

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An amount of money borrowed with the agreement to repay it later, usually with interest.

loan

interest

credit union

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Money owed to a lender or creditor, usually with interest.

debt

interest

loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The purchase of an asset to make a profit or earn income.

savings

investment

stock

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