Financial Concepts Overview PART 1
Authored by Brian Moore
Financial Education
10th Grade
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
62 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'Character' refer to in the 3 C's of Credit?
A) The borrower's ability to repay the loan
B) Assets pledged by the borrower
C) The honesty and reliability of a borrower
D) The interest rate of the loan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: A 401(k) is a defined contribution retirement plan that allows employees to save a portion of their paycheck before ______ are deducted.
taxes
fees
deposits
loans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Annual Deductible?
The total cost of borrowing
The amount an insured person must pay out-of-pocket before insurance starts
A personal loan for purchasing a vehicle
The borrower's ability to repay the loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: APR stands for ______.
Annual Percentage Rate
Annual Payment Rate
Actual Percentage Rate
Annual Profit Rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Car Loan?
A loan for purchasing a house
A personal loan specifically for purchasing a vehicle
A loan for education expenses
A loan for starting a business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: Understanding ______ is essential for making informed borrowing decisions.
APR
APY
ROI
EMI
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash Loan is a type of
A type of secured loan
A type of unsecured loan
A mortgage loan
A student loan
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
