mathematics help me !!!!!!!!!!!!!!!!!!!!!!!!!!!?

1. Secured debt usually has a higher interest rate than unsecured debt. (1 point)
True
False
2. If you pay your credit cards on-time and maintain a low balance, your credit score will go up. (1 point)
True
False
3. Which of the following is NOT an example of Real Property: (1 point)
an oak tree on your property
a barn on your property
a well on your property
a tractor on your property
4. Banks use collateral as a means to secure a loan. Why do they do that? (1 point)
So at least they can collect the principal if you default.
That way they lower their risk and can offer a lower interest rate on a bigger loan.
If they charged the same rates as unsecured credit cards nobody could afford a home.
All of the above
5. Your residence should not cost more than what percentage of your net income? (1 point)
15%
25%
28%
32%
6. If you default on a loan, the bank will ______ your car and auction it. (1 point)
collateralize
liquidate
refinance
repossess
7. What would be the collateral in a secured mortgage loan? (1 point)
credit score
automobile
house
depreciation
8. A homeowner is required to have a designated minimum of insurance if they have a home loan. (1 point)
True
False
9. Without secured debt the average American household income could afford an average priced home. (1 point)
True
False
10. Your secured debt payment amounts and due dates can be shown with a/an: (1 point)
pay stub
credit report
amortization table
amortization schedule

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