Personal Loans: Loan Maturity & Interest Rates

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the best definition of 'interest'?

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1. What is a secured loan?

2. What is the correlation between credit score and interest rate?

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About This Quiz & Worksheet

A personal loans is a borrowed sum of money used for any purpose. These assessments will test your knowledge of personal loans, as well as related terms and processes.

Quiz & Worksheet Goals

These assessments will test you on the following:

  • Meaning of secured credit
  • Function of references
  • Correlation between credit score and interest rates

Skills Practiced

Practiced skills include the following:

  • Defining Key Concepts - ensure that you can accurately define the term interest
  • Reading Comprehension - ensure that you draw the most important information from the related lesson on personal loans
  • Information Recall - access the knowledge you've gained regarding the correlation between interest rates and maturity

Additional Learning

Review the lesson, Personal Loans: Loan Maturity & Interest Rates, to learn about personal loans. Objectives covered include:

  • Review the types of personal loans
  • Understand the application process for personal loans
  • Define interest rates
  • Know what maturity means
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