Finance Review
Flashcard
•
Financial Education
•
6th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
A conventional mortgage has equal payments with a fixed interest rate over how many years? Options: 5, 10, or 15 years; 15, 30, or 40 years; 20, 25, or 35 years
Back
15, 30, or 40 years
2.
FLASHCARD QUESTION
Front
What does FAFSA stand for?
Back
Free Application for Student Aid
3.
FLASHCARD QUESTION
Front
Why is it important to reduce debts or improve your credit score when applying for a mortgage?
Back
To increase the chances of loan approval and secure better interest rates.
4.
FLASHCARD QUESTION
Front
The money you pay in fees, appraisal costs and insurance is called...
Back
Closing Costs
5.
FLASHCARD QUESTION
Front
Fill in the blank: The average used car price is _______.
Back
$28,000
6.
FLASHCARD QUESTION
Front
What is buying a car with a loan also known as?
Back
Financing a car
7.
FLASHCARD QUESTION
Front
Leasing a vehicle can be attractive to some individuals due to potentially lower upfront costs compared to purchasing.
Back
True
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