Introduction to Credit

Introduction to Credit

9th - 12th Grade

25 Qs

quiz-placeholder

Similar activities

Credit Review

Credit Review

11th - 12th Grade

25 Qs

Credit

Credit

10th Grade

22 Qs

Principles of Finance Unit 1

Principles of Finance Unit 1

9th - 12th Grade

20 Qs

Using Credit

Using Credit

9th - 12th Grade

20 Qs

Accountancy

Accountancy

12th Grade

20 Qs

4 - Transactions & borrowing

4 - Transactions & borrowing

10th - 11th Grade

21 Qs

Personal Finance

Personal Finance

9th - 12th Grade

25 Qs

Money/Banking

Money/Banking

12th Grade

22 Qs

Introduction to Credit

Introduction to Credit

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

DAVID NEWCOMB

Used 36+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When using credit, the purchase amount becomes what once the payment agreement is made?

Loan

Debt

Mortgage

IOU

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit allows for purchases without cash.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit agreements are not legally binding.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit is free.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lenders do not check a person’s likelihood to repay before accepting a credit agreement.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of credit?

Loans

Debit cards

Revolving credit accounts

Credit cards

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is often used for operating expenses?

Lump loans

Short-term loans

Intermediate-term loans

Large loans

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?