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