Credit + Credit Cards

Credit + Credit Cards

8th - 9th Grade

10 Qs

quiz-placeholder

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Credit + Credit Cards

Credit + Credit Cards

Assessment

Quiz

Other

8th - 9th Grade

Practice Problem

Medium

Used 429+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score?

What lenders use to see if you are able to pay back credit
3 numbers
What your score on a test is that was worth credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is your job as a borrower?

To pay back your loans promptly
To borrow as much as humanly possible
Spend your loans and not pay them back

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is credit?

When one party provides money/resources to another party with the intention money gets paid back
What you get when you finish a test and Mr. Beltz puts it in the gradebook

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an ADVANTAGE of credit?

No need for carrying cash
Annual Fees
Interest Rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of credit is a credit card?

Single-Payment
Installment Credit
Revolving Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of credit payment would CFU be?

Revolving Credit
Single-Payment
Installment Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does APR mean?

Average Person Ratio
Annual Percentage Rate
Always Poke Robots
Apples Peas & Rice

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