Auto Loans
Authored by Kenneth Johnson
Mathematics
9th Grade
CCSS covered
Used 8+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The maximum amount of time over which an individual agrees to repay an auto loan. Typically ranges from 36 to 84 months.
Loan
Loan terms
Down payment
Annual percentage rate (APR)
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The original amount of money that is borrowed. The amount decreases when you make a payment.
Annual percentage rate (APR)
Loan amount or principal
Down payment
Loan terms
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A fixed amount of money, percentage of the selling price or item of value that is traded in to reduce the cost of purchasing a vehicle.
Credit history
Loan terms
Down payment
Annual percentage rate (APR)
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A formal and extensive record of how good an individual is at maintaining their credit and paying their current and past debts in a timely manner.
Credit score
Loan terms
Lender
Credit history
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Made by a bank or other lender to an individual so that person can purchase a new or used vehicle, using the vehicle as collateral for the loan.
Auto loan
Loan terms
Lender
Annual percentage rate (APR)
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The fee charged for the use of money.
Auto loan
Loan terms
Down payment
Annual percentage rate (APR)
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A bank, savings and loan, credit union or dealership that makes loans to individuals or businesses.
Auto loan
Loan terms
Lender
Depreciation
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
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