Test: The Loan Quiz
Description: What do you know about Loans? Find out!
Keywords: loans, mortgages, payday loans, student loans
Student Loans outstanding in the USA total over ____ in debt.
Microcredit is a financial innovation that is generally considered to have originated with the __________
Punjab National Bank
The most widely known credit score in the USA is:
Payday loans have a ______ default rate
A secured loan is a loan in which the borrower pledges some asset as collateral for the loan.
Chapter 12 bankruptcy in the USA refers to:
rehabilitation for family farmers and fishermen
rehabilitation with a payment plan for individuals with a regular source of income
basic liquidation for individuals and businesses
In the USA, A loan is considered part of the gross income of the borrower.
When a debtor has not met his or her legal obligations according to the debt contract, this is referred to as an
This type of loan is used for the purchase of housing
A credit card acts as an ____________ for a consumer.
Line of Credit