Reference no: EM132448639

Question 1. Which type of bankruptcy requires the liquidation of most of your assets

Question 2. An installment loan is a loan that requires a borrower to pay

Question 3. Which of the following is not one of the five C's of credit

Question 4. Which of the following is not one of the situations that can defer student loan payments

Question 5. Which of the following is the formula for calculating the APR on a credit card

Question 6. The legal document that specifies the terms and conditions of a consumer loan is the

Question 7. The grace period is the period of time before

Question 8. Which of the following types of student loans does not begin to accrue interest until after graduation

Question 9. When real property is used as collateral to secure a loan, the lender records a __________ against the property

Question 10. When real property is used as collateral to secure a loan, the lender records a __________ against the property.

Question 11. Which of the following is false about your consumer credit rights?

Question 12. Which of the following statements is true concerning home equity loans

Question 13. A budget that starts with the absolute necessities and debt payments and then adds expenditures until there is no more cash flow is known as a

Question 14. Compared with a 15-year mortgage at the same rate of interest, a 30-year mortgage will

Question 15. Which of the following is not one of the main sources of auto dealer profits

Question 16. Ginny has researched several cars and she has narrowed down her choices to two cars. The car on the top of her list can be purchased with a bank loan or leased through the manufacturer's program. Ginny had a bad experience with her previous car, which gave her a lot of mechanical trouble and quickly lost its value at the time of trade-in. Ginny does not want to go through a similar experience again. She normally changes her cars every three to four years. Given her unpleasant experience, Ginny should consider

Question 17. A good reason to refinance your home is to

Question 18. An interest rate cap is likely to be associated with a(n) ________ mortgage

Question 19. A home in a good location will generally

Question 20. Mary Anne is considering buying a home close to her work for about $150,000. She is currently renting and does not have to pay for garbage disposal, landscaping, taxes, repairs, or maintenance. While she is excited about living in her own home and doing as she likes, she is worried about being responsible for many more aspects of ownership. In order to determine the true cost of ownership of a home, Mary Anne should consider

Question 21. Borrowers sometimes pay points to their mortgage lender in order to

Question 22. A lessee is a person who

Question 23. An escrow account is typically held by the mortgage lender for the purpose of

Question 24. When lending money in the form of a mortgage on a home, the lender requires a down payment in order to

Question 25. The tax advantages of home ownership include all of the following except