Financial Literacy Study Set on CREDIT
Flashcard
•
Life Skills
•
12th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

30 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are the two most important factors in calculating your credit score?
Back
Payment history and total debt
2.
FLASHCARD QUESTION
Front
Haidyn realized she has taken out too much debt and it has started to negatively impact her ability to budget. She has decided to pay off this debt in full as soon as possible. All of the following would be beneficial strategies EXCEPT…
Reducing spending by canceling some of her streaming subscriptions, Taking extra shifts at work to increase her income, Making more than the minimum required payment on her debt, Applying for another credit card to use in case she runs out of cash paying off her debt
Back
Applying for another credit card to use in case she runs out of cash paying off her debt
3.
FLASHCARD QUESTION
Front
Which of the following statements about credit scores does this bar graph support? Credit scores tend to drop as you grow older because you are more likely to miss a payment at some point, It is more difficult for young people to borrow because they have less payment history for a lender to rely upon, When young people borrow, they are likely to have lower interest rates because their credit scores are lower, It is easier for young people to get loans at lower interest rates because they are likely to have never been late with a payment
Back
It is more difficult for young people to borrow because they have less payment history for a lender to rely upon
4.
FLASHCARD QUESTION
Front
All of the following would show up on a credit report EXCEPT... Salary of your current job, Payment history of your car loan, Credit card payment history, Student loan activity, Other:
Back
Salary of your current job
5.
FLASHCARD QUESTION
Front
Which of the following methods of getting your credit score would involve paying a fee? Mark only one oval.
Checking your credit card or loan statement,
Talking to a non-profit counselor,
Checking creditkarma.com,
Getting a score from myFICO.com
Back
Getting a score from myFICO.com
6.
FLASHCARD QUESTION
Front
Your friend confides in you that he has a low credit score. What is the single best way for him to improve his score? Mark only one oval. Cancel his credit cards, Make on-time payments, Get a car loan, Check his credit score
Back
Make on-time payments
7.
FLASHCARD QUESTION
Front
Marc is 19 years old and wants to begin establishing a credit history. Which action should he take to meet that goal? Options: Always say "credit" when asked "credit or debit?" at a store, Ask his parents to cosign a credit card or add him as an authorized user on their credit card, Any time he borrows money from a friend or family member, be sure to pay it back promptly, Take out some private student loans, even though he doesn't need them because he has grants and scholarships
Back
Ask his parents to cosign a credit card or add him as an authorized user on their credit card
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Chinese Vocabulary Flashcards
Flashcard
•
KG - 12th Grade
20 questions
English-Russian Flashcards
Flashcard
•
KG
20 questions
Guess the Gadget!
Flashcard
•
12th Grade
31 questions
Te presento a mi familia
Flashcard
•
11th Grade
17 questions
Todays Affirmations
Flashcard
•
University
20 questions
QLD Unit 3 Psychology of Visual Perception
Flashcard
•
10th - 12th Grade
20 questions
Untitled Flashcards
Flashcard
•
University - Professi...
16 questions
LIMS terminology check
Flashcard
•
12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Life Skills
20 questions
Investing
Quiz
•
9th - 12th Grade
20 questions
Types of Credit
Quiz
•
9th - 12th Grade
20 questions
Budgeting
Quiz
•
9th - 12th Grade
20 questions
Paying for College
Quiz
•
9th - 12th Grade
20 questions
Managing Credit
Quiz
•
9th - 12th Grade
20 questions
Career
Quiz
•
9th - 12th Grade
20 questions
Taxes
Quiz
•
9th - 12th Grade