PF Unit 4 Test
Authored by Ryan Wolf
Financial Education
9th - 12th Grade
Used 18+ times
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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Value of property you own such as bank accounts investments real estate, after deducting debts.
Credit
Capital
Collateral
Finance Charge
Line of Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The use of someone else's money borrowed now and agreed to pay back later.
Credit
Capital
Collateral
Finance Charge
Line of Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property pledged to assure repayment of a loan.
Credit
Capital
Collateral
Finance Charge
Line of Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total dollar amount of all interest and fees you pay for credit.
Credit
Capital
Collateral
Finance Charge
Line of Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Established amount that can be borrowed on demand with no collateral.
Credit
Capital
Collateral
Finance Charge
Line of Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Open ended credit
Borrower can use credit up to a stated limit
Cost of credit expressed as a yearly percentage.
loan for a specific amount that must be repaid in full.
organization that makes high-risk consumer loans
Legal business that makes high-interst loans based on the value of personal possessions.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
APR
Borrower can use credit up to a stated limit
Cost of credit expressed as a yearly percentage.
loan for a specific amount that must be repaid in full.
organization that makes high-risk consumer loans
Legal business that makes high-interst loans based on the value of personal possessions.
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