Importance of credit

Importance of credit

11th Grade

11 Qs

quiz-placeholder

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Importance of credit

Importance of credit

Assessment

Quiz

Life Skills, Business

11th Grade

Medium

Created by

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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