So-called "payday loans" are targeted primarily at "poor people" O True O False QUESTION 43 Term insurance can be used as collateral for secured lines of credit O True 4 False

The _______________ problem is when customers who are most likely to have a claim against an insurance company are those quickest to apply for an insurance contract.  Group of answer choices a. Capital adequacy b. Default risk c. Adverse selection d. Mismatched maturity

Match the words with the term.   Question 7 options: 12345 insurance 12345 guarantees 12345 ability to repay loan 12345 status of industry 12345 integrity   1. capacity 2. collateral 3. coverage 4. character 5. conditions

How does a short term loan works? Do not copy and paste

2. a) What are the advantages of a home equity line of credit? b) What are the disadvantages of a home equity line of credit?

3. Do you think garnishment at one's job is effective, in paying back the debt?

Question 5 Collateral is a valuable asset that is pledged to ensure loan payments. If you fail to repay the loan, the creditor may take your pledged asset. True False