Loans Question Preview (ID: 35656)


Loans. TEACHERS: click here for quick copy question ID numbers.

A short term loan in which the borrowers car title is used as collateral.
a) Title Loan
b) Payday Loan
c) Investment loan
d)

A small amount of money lent at a high interest rate on the agreement that it will be repaid when the borrower gets a paycheck.
a) Title Loan
b) Payday Loan
c) Investment Loan
d)

Lender
a) an organization or person that loans money
b) a loan to buy a house
c) the amount of money paid upfront at the time of purchase
d)

A complete table of the loan payments
a) Amortization
b) Lender
c) Amortization Schedule
d)

Security given for the payment of a loan
a) Collateral
b) Mortgage
c) Lender
d)

Mortgage
a) investment of money to gain a profit
b) loan to buy a house
c) security given for the payment of a loan
d)

Borrower
a) a person that takes out a loan from a bank with an agreement to pay it back later
b) a loan to buy a house
c) an organization or person that loans money
d)

Investment
a) a secure loan
b) collateral
c) investment of money to gain a profit
d)

Money that is borrowed and is expected to be paid back with interest.
a) Investment
b) loan
c) amortization
d)

Paying off a debt with a fixed repayment schedule
a) Amortization
b) Amortization Schedule
c) Loan
d)

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