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WorksheetsCredit (Installment/Secured/ Fixed)
Total questions: 18
Worksheet time: 6mins
Name
Class
Date
1.
What would an Auto Loan be classified as ?
a)
Installment
b)
Revolving
2.
What would a Mortgage be classified as ?
a)
Secured
b)
Unsecured
3.
What rate would a Payday loan be?
a)
Fixed
b)
Variable
4.
Student loans are considered?
a)
Secured
b)
Unsecured
5.
Student loans are a fixed rate loan.
a)
True
b)
False
6.
What would credit cards be classified as ?
a)
Installment
b)
Revolving
7.
What would credit cards be considered?
a)
Installment
b)
Revolving
8.
A typical Mortgages is classified as revolving.
a)
True
b)
False
9.
Credit cards would be classified as?
a)
Secured
b)
Unsecured
10.
Payday loans are considered as?
a)
Installment
b)
Revolving
11.
Credit cards have a?
a)
Fixed rate
b)
Variable rate
12.
Student loans would be considered as a?
a)
Installment Loan
b)
Revolving Loan
13.
What type of loans would a Pawn shop provide?
a)
Secured
b)
Unsecured
14.
(Auto) title loans would be considered?
a)
Installment
b)
Revolving
15.
Equity Loans would be considered what?
a)
Installment
b)
Revolving
16.
Pay day loans are considered to be secured loans.
a)
True
b)
False
17.
Equity loans would be considered secured loans.
a)
True
b)
False
18.
A secured credit card would be considered?
a)
Secured
b)
Unsecured
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