WorksheetsPersonal Finance Quiz
Total questions: 10
Worksheet time: 5mins
What type of alternate credit occurs when you aquire a short term load that provides immediate cash by securing a borrowers written check or automatic withdraw form.
Elon Mah
Payday Loan
19 dollar fortnite card
Withdraw
Jaquavious Bartholomew III needs money for his chariot payment. He uses a payday lender. If Jaquavious Bartholomew III could not pay back the loan, what happens to his credit score.
It goes up
It goes down
It goes down ALOT
He dies
A borrower leases tangible items with the condition that the item will be owned by the renter if the term of rent is completed. What is this called?
A loan
Death by hanging
Never settle for less than your best
Rent to Own
True or False: Is planning essential for survival?
True ong
Cap ngl
Young blud gives his lender his automobile title in exchange for cash. What must young blud do to retrieve his vehicle?
Physical Labor
Pay the lender back the minimum cash and fees with interest by a specified date
Beheaded
Pay the lender back in stocks and crypto shares
What would happen if young blud did not meet these terms?
Beheaded
The lender receives the money from the bank and young blud is charged
The lender keeps the vehicle
Death by ms patterson
What should you NOT do when shopping for credit?
Find the terms of credit outlined in the contract. Read the contract carefully. Ask questions.
DO NOT find the terms of credit outlined in the contract. DO NOT read the contract carefully. DO NOT ask questions.
What's one of the best way to evaluate a contract?
Go golfing with your contractor
Annotate. Find the literary devices and rhetorical instances
Underline the terms of credit such as interest, fees, and consequences
Skim
What is a refund anticipation loan?
A loan which is to be payed back before you are taxed
Monarchy
A loan which is to be payed back after the tax refund
Dictatorship
What first step should Heisenburger take to obtain credit?
Keep both halfs of the money (his all of it)
Question why the lender is blue
Send a form requesting information about a credit applicant
Buy some mid ahh Adam Smith drip
