Types Of Loans: Question Preview (ID: 20299)


Below is a preview of the questions contained within the game titled TYPES OF LOANS: Types Of Loans .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]


Play games to reveal the correct answers. Click here to play a game and get the answers.

Certain types of loans should be avoided
a) Payday loans b) Car loans c) Open-ended loans d) Conventional Loans
Cannot be borrowed once they've been repaid. Common types of closed-ended loans include mortgage loans, auto loans, and student loans.
a) Open-ended loans b) Closed-ended loans c) Secured loans d) Unsecured loans
are short-term loans borrowed using your next paycheck as guarantee for the loan. Payday loans have notoriously high annual percentage rates (APRs) and can be difficult to pay off
a) Open-ended loans b) Secured loans c) Payday loans d) Car loans
are loans that rely on an asset as collateral for the loan.Interests rates for secured loans may be lower . Examples Car Loan, house.
a) Secured loans b) Open-ended loans c) Unsecured loans d) Payday loans
are loans that you can borrow over and over. Credit cards and lines of credit are the most common types of open-ended loans
a) Secured loans b) Unsecured loans c) Closed-ended loans d) Open-ended loans
Make payments on time,Good Job history,Open a Savings account and make regular deposits.
a) Unsecured loans b) How to build a credit History Score c) Certain types of loans should be avoided d) Open-ended loans
don't have asset for collateral. These loans may be more difficult to get and have higher interest rates.
a) Open-ended loans b) Closed-ended loans c) Unsecured loans d) Payday
Closed-ended loans
a) Certain types of loans should be avoided b) How to build a credit History Score c) Credit cards and lines of credit are example of which type of loan d) mortgage loans, auto loans, and student loans. are example of which type of loan
Open-ended loans
a) mortgage loans, auto loans, and student loans. are example of which type of loan b) Certain types of loans should be avoided c) Credit cards and lines of credit are example of which type of loan d) mortgage loans, auto loans, and student loans. are example of which type of loan
What does APR stand for
a) The annual percentage rate (APR) b) there are state usury laws. c) Character d) Financial plans
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from the data set above, visit ReviewGameZone.com and enter game ID number: 20299 in the upper right hand corner at ReviewGameZone.com or simply click on the link above this text.

TEACHERS / EDUCATORS
Log In
| Sign Up / Register