Module 4: End of module quiz

Hannah sees two different loans advertised. What’s the best way to compare their true cost? Select one:

Deepak takes out a £3,000 loan at 10% interest for one year. Will he pay £300 in total interest? True or false? Select one:

Sophie buys a new phone on interest-free credit for 12 months. What is most likely to happen if she hasn’t paid it all off by the end of this period? Select one:

Which statement about appreciation is correct? Select one:

Aisha needs £500 for an emergency car repair. Which would likely be the most expensive way to borrow this money? Select one:

Matt and Lisa are considering a joint personal loan. Before they take it out, what’s the most important thing they should understand? Select one:

Charlie has applied for a credit card online and been approved. How soon must he start making payments? Select one:

When taking out a loan to buy a car, the loan period should typically be: Select one: 

Jasmine is 17 and wants to take out a personal loan. Is she legally able to do this? Select one:

When looking at secured loans, the interest rates are usually: Select one: