Which of the following statements best describes the relationship between credit scores and credit riskiness of borrowers?
5.5 Credit Scores

Quiz
•
Mathematics
•
11th Grade
•
Hard
Emmalee Handshy
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Higher credit scores are associated with higher credit risk
Higher credit scores are associated with lower credit risk
Lower credit scores are associated with lower credit risk
Credit scores and credit risk are unrelated
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT used to estimate a credit score?
Marital status
Age
New credit inquiries
Both age and marital are correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When reviewing personal information, which of following is included in credit-scoring models?
Gender of individual
Race of individual
Public record information
All of the answer choices are correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following credit inputs is the least important when a FICO score is developed?
Length of credit history
Amount of credit
Payment history
Types of credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Raul has had a credit card since college. Overall, he has managed his credit history well, although he has occasionally made a late payment on his credit card. Given this information, which of the following FICO scores is Raul likely to recieve?
350
825
640
790
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals with low credit scores are more likely to be:
Charged higher interest rates on loans
Offered new low-cost credit cards
Charged higher insurance premiums
Charged higher interest rates on loans and pay higher insurance premiums
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following statements regarding credit inquires are true, EXCEPT:
Hard credit inquiries generally have a negative impact on credit scores
Soft credit inquiries generally do not affect credit scores
When an individual requests his or her own credit report, it is considered a hard inquiry
Hard credit inquiries generally have a negative impact on credit scores, but soft credit inquiries generally have no effect
Create a free account and access millions of resources
Similar Resources on Quizizz
13 questions
Finding Z - Score

Quiz
•
11th - 12th Grade
8 questions
Finding z-scores

Quiz
•
11th - 12th Grade
15 questions
13.2 Relative Standing (z-scores and percentiles)

Quiz
•
9th - 12th Grade
10 questions
APS- Unit 4B: Probability

Quiz
•
11th - 12th Grade
15 questions
Managing Credit Review

Quiz
•
11th Grade
12 questions
Finding z-scores & using z-tables

Quiz
•
11th Grade - University
13 questions
Credit Score Review

Quiz
•
11th Grade
15 questions
Normal distribution

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Mathematics
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
10 questions
Right Triangles: Pythagorean Theorem and Trig

Quiz
•
11th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade
17 questions
High School Survival Guide

Lesson
•
9th - 12th Grade