
SSEPF4 Credit Worthiness

Quiz
•
Social Studies
•
12th Grade
•
Medium
Jasamine Dixon
Used 53+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
One of the 3 C's of credit that shows a person's willingness to pay is
capital
collateral
character
capacity
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
One of the 3 C's of credit that refers to property that secures the loan is
capital
collateral
character
capacity
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person has three credit cards is unable to make payments on any of them. Which action should the person take?
Notify the credit card companies in order to negotiate a new payment plan.
Cut up the card, put parts in different garbage bags,
It is irresponsible use of credit because his current income is too low
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