FM Quarter 2

FM Quarter 2

12th Grade

•

35 Qs

quiz-placeholder

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FM Quarter 2

FM Quarter 2

Assessment

Quiz

•

Business

•

12th Grade

•

Practice Problem

•

Medium

Created by

Jason Dinter

Used 6+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is your favorite class?

Financial Management

P.E.

Brandon Sanchez

Lunch

Tutorial

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What will happen if you don't pay a Loan?

The IRS will garnish your tax wages

The Bank will get mad

Nothing
You will be charged fees for not paying on time which you are required to pay

The bank will first send your non-payment directly to a collections agency

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

what is NOT an attribute or quality of a loan

the lending of money between entities

they appear on your credit report until you pay it off
a loan can be secure
a loan can be unsecure
A loan isn't a financial transaction

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

what is the Main difference between a secured and unsecured loan

Secured loans don't require collateral, while unsecured loans do.
Unsecured loans don't require collateral, while secured loans do.
Secured loans show on credit reports, unsecured loans don't.
unsecured loans help you build your credit
it is a lot easier to get an unsecured loan

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What type of loan always has a same interest and monthly principle

Fixed loan

Adjustable loan
Balloon loan
Intrest loan

Payday loan

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

what is the typical amount of time a loan lasts

Three months to thirty years
three years to thirty years
four months to forty years
four years to forty years
three months to thirty months

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is NOT a factor when selecting a loan?

Loan Options
Fees & charges
Loan amount
Compare loan rates

Ethnicity

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