Interest Quiz

Interest Quiz

12th Grade

12 Qs

quiz-placeholder

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Interest Quiz

Interest Quiz

Assessment

Quiz

History

12th Grade

Practice Problem

Easy

Created by

Michael Addison, Jr.

Used 5+ times

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12 questions

Show all answers

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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