Ch 67: CEOE Business Education: Personal Credit and Loans

About This Chapter

Get details on the use and purpose of personal loans and lines of credit. Short video lessons explain these options and discuss related forms of lending. Grasping this information sets you on the right path for answering questions on the CEOE Business Education exam.

CEOE Business Education: Personal Credit and Loans - Chapter Summary

Review the various types of lending options available for personal use so that you can be ready for related questions on the CEOE Business Education test. Video lessons on cover these topics:

  • Types, advantages and disadvantages of loans
  • Meaning and purpose of a bank loan and mortgage
  • Ways to calculate loan payments per month
  • Calculations for annual rates
  • Student loan forbearance

These online video lessons provide you with a way to study relative test material in a convenient way - they can be even be viewed from a mobile device. Our experienced instructors explain technical terms and offer examples of key items in an engaging way.

CEOE Business Education: Personal Credit and Loans Chapter Objectives

The CEOE Business Education exam contains 80 multiple-choice questions and one constructed-response assignment. You'll answer questions dealing with business technology and information systems; business management; economics and finance; marketing, customer service, and entrepreneurship; and accounting.

Information from the Personal Credit and Loans chapter is found in the economics and finance area, which makes up 17% of the test. You may see questions that ask you about the types of personal financial management tools, such as installment plans, loans, budgeting and credit management.

6 Lessons in Chapter 67: CEOE Business Education: Personal Credit and Loans
Test your knowledge with a 30-question chapter practice test
What is a Loan? - Definition, Types, Advantages & Disadvantages

1. What is a Loan? - Definition, Types, Advantages & Disadvantages

Learn what a loan is and some of the most common types of loans that people get. Find out which loans are best for different situations and some of the advantages and disadvantages of getting a loan.

What Is a Bank Loan?

2. What Is a Bank Loan?

Bank loans are common types of funding for many people who want to buy big ticket items, such as cars or homes. Read on to find out more on what a bank loan is, what it is commonly used for, and the different types of loans banks offer.

What is a Mortgage? - Definition & Purpose

3. What is a Mortgage? - Definition & Purpose

Learn about one of the largest loans most people will ever encounter. Find out about the key elements to a mortgage and how a mortgage works when buying a home.

Calculating Monthly Loan Payments

4. Calculating Monthly Loan Payments

Watch this video lesson and learn how you can calculate your monthly payment when you are thinking of purchasing a car. Okay, you can also use this formula whenever you are getting a loan!

Effective Annual Rate: Formula & Calculations

5. Effective Annual Rate: Formula & Calculations

After watching this video lesson, you will understand how the interest rate that financial institutions, such as credit card companies, give you work. Also, learn how this interest rate may be different than the one you actually end up with.

What is Forbearance in Student Loans? - Definition

6. What is Forbearance in Student Loans? - Definition

This lesson will provide an overview of student loan forbearance. Student loans affect students and graduates across the country, and the forbearance option will be explored in this lesson.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Other Chapters

Other chapters within the OSAT Business Education (CEOE) (040): Practice & Study Guide course

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