Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Months are turned into years over:

   Choices

   1. 12
   2. 24
   3. 52

   Correct choice

   12

2. Question

   Days are turned into years over:

   Choices

   1. 300
   2. 360
   3. 365

   Correct choice

   365

3. Question

   Interest paid is rounded:

   Choices

   1. Up
   2. Down
   3. Not at all

   Correct choice

   Up

4. Question

   A future value paid out is rounded:

   Choices

   1. Up
   2. Down
   3. Not at all

   Correct choice

   Down

5. Question

   The day a loan is issued is the:

   Choices

   1. Due date
   2. Origination date
   3. Term date

   Correct choice

   Origination date

Instructions

Tap the correct answer before the round moves on.

Explanation