FP 120 Week 2 Quiz to be taken in class

FP 120 Week 2 Quiz to be taken in class 

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FP 120 Week 2 Quiz to be taken in class

Instructions

Complete the Week 2 Quiz.

Submit your responses in a Microsoft^® Word^® document to the Assignment Files tab

Week 2 Quiz

1. Which of the following is an example of open-end credit?

1. An automobile loan

1. A department store credit card

1. A mortgage loan

1. Single lump-sum credit

2. Which of the following is an example of closed-end credit?

1. A mortgage loan

1. Overdraft protection

1. A bank line of credit

1. All of the above

3. Which of the following is NOT one of the Five C’s of credit?

1. Capacity

1. Collateral

1. Conditions

1. Credit