Multiple Choice Questions

credit
  • Filing for bankruptcy can make it hard for a consumer to reestablish and obtain
  • The type of credit people are most likely to use during their lifetimes is a
  • A credit score between 500 and 600 means a consumer would most likely
  • In determining whether to issue a loan, banks are not allowed to ask about an applicant's
NOgetting money with special repayment terms
  • A similarity between mortgages and auto loans is that both
  • Which best describes a way people can use personal loans?
  • Which describes an example of using unsecured credit?
  • What is a benefit of obtaining a personal loan?
find it hard to get a loan
  • The type of credit people are most likely to use during their lifetimes is a
  • Which best describes a way people can use personal loans?
  • A similarity between mortgages and auto loans is that both
  • A credit score between 500 and 600 means a consumer would most likely
are less risky for lenders
  • A similarity between mortgages and auto loans is that both
  • Which describes an example of using unsecured credit?
  • A credit score between 500 and 600 means a consumer would most likely
  • Which best describes a way people can use personal loans?
credit card.
  • A credit score between 500 and 600 means a consumer would most likely
  • In determining whether to issue a loan, banks are not allowed to ask about an applicant's
  • Filing for bankruptcy can make it hard for a consumer to reestablish and obtain
  • The type of credit people are most likely to use during their lifetimes is a
country of origin.
  • In determining whether to issue a loan, banks are not allowed to ask about an applicant's
  • The type of credit people are most likely to use during their lifetimes is a
  • What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?
  • Which best describes a way people can use personal loans?
mortgage.
  • Which best describes a way people can use personal loans?
  • The type of credit people are most likely to use during their lifetimes is a
  • An example of secured credit is a
  • What is a benefit of obtaining a personal loan?
$20 per year until the loan is paid off.
  • The simple interest on a loan of $200 at 10 percent interest per year is
  • What best determines whether a borrower's interest rate goes up or down?
  • The type of credit people are most likely to use during their lifetimes is a
  • A similarity between mortgages and auto loans is that both
income and total debt.
  • An example of secured credit is a
  • Simple interest is paid only on the .
  • A way to build good credit is
  • A credit score is based in part on
$33.10
  • Filing for bankruptcy can make it hard for a consumer to reestablish and obtain
  • What best determines whether a borrower's interest rate goes up or down?
  • What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?
  • The type of credit people are most likely to use during their lifetimes is a
principal borrowed
  • A credit score is based in part on
  • A similarity between mortgages and auto loans is that both
  • Simple interest is paid only on the .
  • An example of secured credit is a
paying bills when they are due.
  • Simple interest is paid only on the .
  • A credit score is based in part on
  • What is a benefit of obtaining a personal loan?
  • A way to build good credit is
pay less interest in the long run.
  • Consumers who make higher payments on credit cards
  • A similarity between mortgages and auto loans is that both
  • What is a benefit of obtaining a personal loan?
  • People who want to buy a house typically ask the bank for a .... over a 10- to 30-year period.
Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
  • The simple interest on a loan of $200 at 10 percent interest per year is
  • Which describes the difference between simple and compound interest?
  • What best determines whether a borrower's interest rate goes up or down?
  • Which describes an example of using unsecured credit?
getting large amounts of money to use immediately
  • Which describes an example of using unsecured credit?
  • The simple interest on a loan of $200 at 10 percent interest per year is
  • What is a benefit of obtaining a personal loan?
  • What best determines whether a borrower's interest rate goes up or down?
he simple interest on a loan of $200 at 10 percent interest per year is
  • country of origin.
  • a credit card.
  • to pay for college
  • $20 per year
Filing for bankruptcy can make it hard for a consumer to reestablish and obtain
  • a credit card.
  • credit
  • Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object.
  • $33.10
What is a benefit of obtaining a personal loan?
  • payment history and total debt.
  • require minimum payments
  • NOT getting money with special repayment terms
  • to pay for college
The type of credit people are most likely to use for small purchases during their lifetime is
  • country of origin.
  • a credit card.
  • credit
  • to pay for college
In determining whether to issue a loan, banks are not allowed to ask about an applicant's
  • to pay for college
  • a credit card.
  • credit
  • country of origin.
A credit score is based in part on
  • NOT getting money with special repayment terms
  • require minimum payments
  • payment history and total debt.
  • to pay for college
Which describes the difference between secured and unsecured credit?
  • credit
  • Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object.
  • NOT getting money with special repayment terms
  • to pay for college
Simple interest is paid only on the _________ ________.
  • $20 per year until the loan is paid off.
  • to pay for college
  • Principal borrowed
  • country of origin.
Which describes the difference between simple and compound interest?Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans. Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.
  • (not) getting money with special repayment terms(not) getting money with favorable interest rates
  • Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object.
  • Simple interest is paid on the principle, while compound interest is paid on the principal and interest accrued.
  • to pay for college
People who want to buy a house typically ask the bank for a ________ over a 10- to 30-year period.
  • mortgage.
  • a person with a credit score of 760 with a small amount of debt who has had steady employment for many years
  • Mortgage
  • pay less interest in the long run.
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Multiple Choice Questions
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