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QuizRound 1, Question 1Give an example of a Commercial bankRound 1, Question 2Where can a person borrow? *Please note you cannot say bank!Round 1, Question 3Give an example of a short term loanRound 1, Question 4How long can a Term Loan be taking out for?Round 1, Question 5Give one example of a Long Term Loan.Round 2, Question 1What is the name given to people who have joined a Credit Union?Round 2, Question 2Where can a person get a loan if a financial intuition will not provide one?Round 2, Question 3Which financial intuition gives the lowest interest on a loan?Round 2, Question 4What is the name of the form a person must fill in when looking to take out a loan?Round 2, Question 5The interest stays the same year on year.What type of Interest is this?

Round 3, Question 1True or FalseA borrower must be told how much interest they will be charged/paid?Round 3, Question 2True or FalseBorrowers do not have to be told how much the end cost will be? (Cost of loan + Interest)Round 3, Question 3True or FalseA borrower doesn't have to be told if they must pay a deposit or a final payment at the end of a loan.Round 3, Question 4True or FalseThe borrower must make sure they fully pay back the loanRound 3, Question 5True or FalseAPR stand for Annual Profit RateRound 4, Question 1The quote for Credit Purchase is what?Buy Now Pay SoonBuy Now Pay TomorrowBuy Now Pay NeverBuy Now Pay LaterBuy Now Pay LateRound 4, Question 2I'm like renting but you will end up owning the good. What am I? Round 4, Question 3A fee paid for insurance is what?Round 4, Question 4A Proposal form is what?Round 4, Question 5Salary Protection Insurance is what type of Insurance?Time to correct!!