What is a subsidized loan?
FINANCIAL LITERACY- Types of Credit & Loans
9th - 12th Grade
•19 Qs
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FINANCIAL LITERACY- Types of Credit & Loans
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Life Skills
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9th - 12th Grade
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loans for students that does not have interests added to the loan while you are in school
Loans for students that starts charging interests the month after you start borrowing it.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cosigner on a loan can help by:
Reducing monthly payments
Getting the loan approved
Reduce length of term on loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are 3 things that associated with a loan?
Interest rate, loan length, and monthly payment
Education history, credit score, and monthly payment
Education history, credit score, and yearly payment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one below does not impact a loan you borrow?
Current Debts
Employment and Employment History
Credit Score
Education
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can happen if you have bad credit or a low credit score?
Government will start taking money out of your bank account
Nothing
Can not get approved for loans or the interest rates will be very high on the loan you get
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an unsubsidized loan?
Loans for students that does not have interests added to the loan while you are in school
Loans for students that starts charging interests the month after you start borrowing it.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What institution do all credit cards come from?
Educational Institutions/Schools
The Federal Government
DMV
Banks
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