1 / 22

Quiz

Quiz. Round 1, Question 1. Give an example of a Commercial bank. Round 1, Question 2. Where can a person borrow? *Please note you cannot say bank!. Round 1, Question 3. Give an example of a short term loan. Round 1, Question 4. How long can a “Term Loan” be taking out for?.

tasha-chase
Télécharger la présentation

Quiz

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Quiz

  2. Round 1, Question 1 • Give an example of a Commercial bank

  3. Round 1, Question 2 • Where can a person borrow? *Please note you cannot say bank!

  4. Round 1, Question 3 • Give an example of a short term loan

  5. Round 1, Question 4 • How long can a “Term Loan” be taking out for?

  6. Round 1, Question 5 • Give one example of a Long Term Loan.

  7. Round 2, Question 1 • What is the name given to people who have joined a Credit Union?

  8. Round 2, Question 2 • Where can a person get a loan if a financial intuition will not provide one?

  9. Round 2, Question 3 • Which financial intuition gives the lowest interest on a loan?

  10. Round 2, Question 4 • What is the name of the form a person must fill in when looking to take out a loan?

  11. Round 2, Question 5 • The interest stays the same year on year. • What type of Interest is this?

  12. Round 3, Question 1 • True or False • A borrower must be told how much interest they will be charged/paid?

  13. Round 3, Question 2 • True or False • Borrowers do not have to be told how much the end cost will be? (Cost of loan + Interest)

  14. Round 3, Question 3 • True or False • A borrower doesn't have to be told if they must pay a deposit or a final payment at the end of a loan.

  15. Round 3, Question 4 • True or False • The borrower must make sure they fully pay back the loan

  16. Round 3, Question 5 • True or False • APR stand for Annual Profit Rate

  17. Round 4, Question 1 • The quote for Credit Purchase is what? • Buy Now Pay Soon • Buy Now Pay Tomorrow • Buy Now Pay Never • Buy Now Pay Later • Buy Now Pay Late

  18. Round 4, Question 2 • I'm like renting but you will end up owning the good. What am I?

  19. Round 4, Question 3 • A fee paid for insurance is what?

  20. Round 4, Question 4 • A Proposal form is what?

  21. Round 4, Question 5 • Salary Protection Insurance is what type of Insurance?

  22. Time to correct!!

More Related