16. What is the purpose of a personal loan?
a) To save for short-term expenses
b) To make online purchases
c) To pay for higher education expenses
d) To borrow money for personal needs
17. Which of the following is NOT a type of credit card?
a) Visa
b) Mastercard
c) Discover
d) Mortgage
18. What is the purpose of a home equity loan?
a) To finance the purchase of a new home
b) To refinance an existing mortgage
c) To make improvements to a home
d) To pay for higher education expenses
19. Which of the following is a type of investment account that allows you to buy and sell stocks, bonds, and other securities?
a) Savings account
b) Checking account
c) Brokerage account
d) Certificate of deposit
20. What is the purpose of a payday loan?
a) To save for short-term expenses
b) To make online purchases
c) To provide funding for higher education expenses
d) To provide quick cash in emergencies, with high interest rates
