What is a Mortgage?

Career ED

Quiz
•
Other
•
6th Grade
•
Medium
Nicholas Habscheid
Used 9+ times
FREE Resource
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
the action or process of investing money for profit or material result.
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Mortgage?
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Registered Retirement Savings Plan
A payment that usually includes interest.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a pension?
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
the action or process of investing money for profit or material result.
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a pension?
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Registered Retirement Savings Plan
Liquid assets
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Investment?
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
the action or process of investing money for profit or material result.
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Investment?
The profit you make off of putting your money into something
the action or process of investing money for profit or material result.
entering your money into a stock exchange
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax?
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
the action or process of investing money for profit or material result.
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
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