AnswersTX-Personal Financial LiteracyUnit Test

Unit Test — Unit test Answers

22 verified answers
21
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Which accurately describes the terms of this mortgage? Check all that apply.

A
The homeowner is borrowing $360,000.
B
The monthly interest rate is 4 percent.
C
Monthly payments must be made for 30 years.
D
The annual interest rate is 4.8 percent.
E
The homeowner is borrowing $200,000.
F
Monthly payments must be made for 360 years.
22
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Which is an example of closed-end credit?

p
payday loan
t
title loan
h
home loan
c
credit card

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