
Interest Quiz
Quiz
•
History
•
12th Grade
•
Practice Problem
•
Easy
Michael Addison, Jr.
Used 5+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: cost of credit expressed as a yearly percentage
Interest rate
Annual Percentage Rate (APR)
Grace period
Inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: interest rate a lender can change at any time without notice
Variable Interest Rate
Simple Interest
Compound Interest
Fixed Interest Rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: A return with inflation taken out of it.
Nominal Return
Expected Return
Grace Period
Real Return
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: interest paid on the principal alone
Interest Rate
Simple Interest
Fixed Interest Rate
Inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually
Compound Interest
Interest Rate
Variable Interest Rate
Inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: the time between the billing date and the payment due date when no interest is charged
Elimination Period
Real Return
Grace Period
Reinstatement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The return on an investment before the impacts of inflation and taxes are taken into account.
Nominal Return
Real Return
Grace Period
Expected Return
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