Which of the following is NOT an example of a financial institution?

Basics of Financial Contracts Test Review

Quiz
•
Business
•
6th - 8th Grade
•
Hard
Stacie Segars
Used 10+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit union
An investment banking center
A realtor
A mortgage company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a closed line of credit to spend on consumer goods or
intangible goods?
A loan
A checking account
A security
A credit card
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following financial contracts involves risk?
Checking accounts
Payroll advances
Investment banking
Savings accounts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an open line of credit to spend on consumer goods?
A loan
A checking account
A security
A credit card
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following financial contracts represents a relationship between an
employee and his or her employer?
A checking account
A payroll advance
A loan
A credit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annual Percentage Rate calculates which of the following?
Debt-to-income ratio
Interest rate
Periodic Rate
Debtor income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Janet has an introductory APR for the first six months. After that her rate increases to a variable 13.99 percent. Janet purchased the card in January, how would you define her rate in October?
Variable
Fixed
Mixed
Elastic
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