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Quiz on Empréstimo

Authored by ROSANGELA GARCIA

Financial Education

2nd Grade

Quiz on Empréstimo
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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of "empréstimo"?

The action of lending.

The action of borrowing.

The action of saving.

The action of spending.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of "empréstimo"?

Saving money in a bank.

Borrowing a book from a library.

Spending money on groceries.

Earning money from a job.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the first options when you need money?

Asking for a loan

Buying a car

Going on a vacation

Eating at a restaurant

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can you ask for a loan from?

A parent, a friend, a bank, or online

A stranger, a pet, a tree, or a toy

A teacher, a book, a computer, or a game

A car, a house, a bike, or a boat

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a personal loan?

A) A loan offered by friends and family

B) A loan offered by banks, credit cooperatives, and financial institutions

C) A loan offered by schools

D) A loan offered by grocery stores

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can a personal loan be used for?

A) To buy groceries

B) To cover unexpected expenses or pay off debts with higher interest rates

C) To buy toys

D) To pay for a vacation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a higher interest rate debt that a personal loan can help pay off?

A) Mortgage

B) Credit card or overdraft

C) Car loan

D) Student loan

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