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Financial literacy slides
Financial literacy slides
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Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
A repo is when an auto loan lender repossesses a vehicular due to lack of payments
True
False
2
The you give out a loan you are a borrower
True
False
3
Which of these affect your ability to get loans
Income
All of the above
Credit score
Existing debt
4
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Lease
Interest
Collection
Loan
5
If you have a loan for $25,000 and an interest rate of 5% how much will you pay in interest.
$2,500
$1,250
$1,500
$500