Question 1

When simple interest is used,the stated rate of interest on single payment loans is equal to the annual percentage rate (APR).

Accepted Answer

A) True 
 B)False

Question 2

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-There is a limit on the [number | dollar amount] of student loans you can have.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 3

Regarding student loans,which of the following is true?

Accepted Answer

A)  They are available only for undergraduate. 
B)  Parents (or legal guardians)must cosign. 
C)  There is a limit on how much can be borrowed. 
D)  There is a limit on the number of loans one can have. 
E)  Interest does not have to be repaid. 
A)  They are available only for undergraduate. 
B)  Parents (or legal guardians)must cosign. 
C)  There is a limit on how much can be borrowed. 
D)  There is a limit on the number of loans one can have. 
E)  Interest does not have to be repaid.

When simple interest is used,the stated rate of interest on single payment loans is equal to the annual percentage rate (APR).

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -There is a limit on the [number | dollar amount] of student loans you can have.

Regarding student loans,which of the following is true?

Understanding the Financial Planning Process

Your Financial Statements and Plans

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters

Exam 7: Using Consumer Loans

When simple interest is used,the stated rate of interest on single payment loans is equal to the annual percentage rate (APR).

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -There is a limit on the [number | dollar amount] of student loans you can have.

Regarding student loans,which of the following is true?

Understanding the Financial Planning Process

Your Financial Statements and Plans

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters