SSEPF4

SSEPF4

10th - 12th Grade

11 Qs

quiz-placeholder

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SSEPF4

SSEPF4

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Medium

Created by

Brian Coleman

Used 31+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Your credit worthiness is determined LEAST by which of the following

Credit Score
Collateral
Amount of debt
tax rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following MOST ACCURATELY defines the term interest rate

The level of attention that economists pay to economic activity at any one time
Money paid by the banks financial institutions to the US government
Money paid by a borrower to a lender in exchange for use of money
Discounts on purchases made with a credit card

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

John borrows $100 dollars from Ed. They agree that John will pay back the loan in two months at a rate of 10% monthly. If John pays back exactly $120, the the interest was

Compounded

Simple

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The part of a loan that consists of the original amount of money borrowed

Principal

Credit History

Annual Percentage Rate (APR)

Interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A number based on information in a consumer’s credit report that measures an individual's credit worthiness.

credit score
credit card
financial report

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

One of the 3 C's of credit that refers to property that secures the loan is

capital

collateral

character

capacity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following have an impact on your credit score?

How much current outstanding debt you have (amount owed)

Length of credit history (how long you've used credit)

Payment history

All of the above

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