AnswersEA Academy Civics 9Credit, Interest, and Debt

Credit, Interest, and Debt Answers

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1
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If a borrower cannot pay back a home mortgage, the lender will

A
require borrowers to save up money and pay cash.
B
not require the borrower to have collateral.
C
take the home as payment.
D
increase the amount of the loan.
2
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What affects how much a borrower must pay on a loan each month? Choose three correct answers.the amount of collateral the lender hasthe amount of money borrowedthe length of time given to repaythe value of the lender’s assetsthe interest rate of the loanthe number of loans the lender has made

A
the amount of collateral the lender has
B
the amount of money borrowed
C
the length of time given to repay
D
the value of the lender’s assets
E
the interest rate of the loan
F
the number of loans the lender has made

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