Importance of credit
Quiz
•
Life Skills, Business
•
11th Grade
•
Medium
Rylee Jessop
Used 3+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
You are able to pay your taxes on credit.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following characteristics does a credit report mostly determine?
Trustworthiness
Friendliness
Humility
Goodness
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is something you should NOT do?
Pay on time
Reach your credit card limit
Use the same name for different credit cards
Rely on faithful payment history for a good credit score
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a benefit of having good credit?
free insurance
more options
offers of low-interest rates
saves you money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When establishing your credit, taking out a credit-builder loan is one of the methods mentioned in the PPT.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
BONUS:
What was the name of the college student mentioned in the PPT?
Michael
Kevin
Michaela
Kayla
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When borrowing money:
go for low interest rates
pay back when you have the time
go for high interest rates
let your parents take care of it
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