CC Midterm

CC Midterm

KG

40 Qs

quiz-placeholder

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CC Midterm

CC Midterm

Assessment

Quiz

Others

KG

Practice Problem

Hard

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40 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

The 5 Cs of Credit:

Evaluate responses using AI:

OFF

Answer explanation

1. CAPACITY

2.CAPITAL

3 CONDITIONS

4 CHARACTER

5. COLLATERAL

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Types of Fees:

Evaluate responses using AI:

OFF

Answer explanation

6. ANNUAL FEES

7.CASH ADVANCE FEES

8. LATE PAYMENT FEES

9. UPFRONT FEES

10. INSURANCE FEES

3.

OPEN ENDED QUESTION

3 mins • 1 pt

Types of Credit:

Evaluate responses using AI:

OFF

Answer explanation

11.SERVICE CREDIT

12. REVOLVING CREDIT

13. OPEN CREDIT

14. LOANS

4.

OPEN ENDED QUESTION

3 mins • 1 pt

This refers to something you can provide as security

Evaluate responses using AI:

OFF

Answer explanation

COLLATERAL

5.

OPEN ENDED QUESTION

3 mins • 1 pt

This is a contract agreement in which a borrower receives a sum of money or something of value and repays the lender at a later date, generally with interest.

Evaluate responses using AI:

OFF

Answer explanation

CREDIT

6.

OPEN ENDED QUESTION

3 mins • 1 pt

This refers to the borrower's reputation and credit history.

Evaluate responses using AI:

OFF

Answer explanation

CHARACTER

7.

OPEN ENDED QUESTION

3 mins • 1 pt

These are charges levied for specific services or transactions, and they are common in various industries.

Evaluate responses using AI:

OFF

Answer explanation

FEES

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