Top Loan Quizzes & Trivia

You don’t need to take out a loan to take our interesting loan trivia quizzes! Take our quizzes and test your knowledge on this important topic. Can you answer questions based on the types of loans available, what interest is, and what a bond is? Whether you simply loved economics at school or you are thinking about taking out a loan, our quizzes are sure to test your knowledge on the world of loans!

Get ready to put on your thinking cap and answer questions such as, “What is a loan covenant?”, “What is the difference between secured and unsecured loans?”, and “What is a concessional loan?” Be a loan professional after attempting our quizzes and impress your friends and family with your new knowledge!

Topics

Consolidation

Loan Questions and Answers

The U.S. Department of Education makes loans through the Direct Loan Program and the ______________ Program.

A. Federal Financial Educating Loan Program (FFELP)

B. Federal Family Education Loan Program (FFELP)

C. Friends Family Education Loan Program (FFELP)

Loan question from

CDR, Forbearance, Deferment, Repayment

Take Quiz
The government will pay the interest on a borrower's subsidized loans while enrolled at least half-time, during the grace period and during deferment periods.

True

False

Loan question from

CDR, Forbearance, Deferment, Repayment

Take Quiz
Unsubsidized loans are ___________.

A. Not based on financial need

B. Based on financial need

C. For parents

Loan question from

CDR, Forbearance, Deferment, Repayment

Take Quiz
How many pounds of muscle did the actor who played Jacob Black gain for his role in new moon?

20

26

30

15

Loan question from

First Colony Mortgage New Moon Quiz #3

Take Quiz
Who is the director of New Moon?

Catherine Hardman

Catherine Hardwicke

Christopher Jones

Chris Weitz

Loan question from

First Colony Mortgage New Moon Quiz #3

Take Quiz
What did Bella say that she had to do so that she wouldnt have to go over to the Cullens for her birthday party?

watch a baseball game with Charlie

read her english novel

watch Romeo and Juliet

go over to Jacob's

Loan question from

First Colony Mortgage New Moon Quiz #3

Take Quiz
What is credit?

Money you borrow and must pay back

Free money that you do not have to pay back

Money you have saved for emergencies

The balance left on a gift card after you have used it to pay for something

Loan question from

Borrowing Basics

Take Quiz
Select all that apply. Maintaining good credit is important beacuse it:

Can help you graduate from college

Allows you to carry more cash than usual

Allows you to purchase large items like a car, house, or furniture and pay over time

Might cause your interest rates to be raised

Loan question from

Borrowing Basics

Take Quiz
What is a loan?

A charge by a financial institution for maintaining or servicing your loan account

Money you borrow but must also repay

Something valuable that you own and can sell for cash

The cost of borrowing money

Loan question from

Borrowing Basics

Take Quiz
How many days do you have to mail initial loan disclosure documents after taking a complete application?

3 Days

1 Day

5 Days

Must be mailed immediately

Loan question from

Loan Processor Quiz

Take Quiz
Who must receive copies of fee disclosure documentation according to RESPA?

The loan officer

Not a requirement

All Borrowers

The lender

Loan question from

Loan Processor Quiz

Take Quiz
You or any licensed employee of the lender may sign documentation for the borrower in the event a signature is missed to ensure timely funding

True

False

Loan question from

Loan Processor Quiz

Take Quiz