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WorksheetsLIBF unit 2 topic 9
Total questions: 10
Worksheet time: 5mins
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Liz and Rob purchased a house for $565,000. They put 20% down on the house. What was their down payment?
$113,000
$452,000
$11,300
$553,700
What is debt?
Another word for death
Something, typically money, that is owed or due
A loan on which you do not have to pay interest
That which is incurred during childhood and consummated in college
You can do everything with a debit card that you can do with a credit card except:
Rent a car
Buy a car
Go into debt
Buy stuff on Amazon
what is a bank overdraft?
it is a value title that offers the possibility of saving money for certain time
It isn´t a payment operation carried out by a bank to cover payments.
it is a bank loan with an indefinite term
It is a payment operation carried out by a bank to cover payments.
What are payday loans
A loan you repay on your payday.
Short term unsecured loan with very high interest rates.
Short term secured loan with very high interest rates.
Short term loan with low interest rates.
