Intro to Personal Finance Test #1
Authored by Brendan Bohon
Financial Education
12th Grade
Used 21+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mortgage loans are typically the longest-term loans most consumers take on.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payday loans are considered low-risk and low-interest loans.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Student loans can sometimes be forgiven under specific government programs.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car loan is usually a secured loan.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit cards are considered installment loans.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business loans can be backed by the Small Business Administration (SBA).
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Home equity loans rely on the borrower’s credit score but not on property value.
True
False
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