Unit 3 Lesson 4 QUiz

Quiz
•
Life Skills
•
6th - 8th Grade
•
Medium
JOEY BOOZER
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A record of a person's financial information, previous addresses, social security #, current and previous employers, credit card accounts & balances, and loan information is known as:
credit score
credit report
credit card statement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit card statement shows the new balance, maximum payment due, and payment due date.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A standardized measurement of the potential to repay a debt is called:
credit report
credit card statement
credit score
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit card agencies keep records on a consumer's credit experience.
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are a responsible borrower, you will have a poor credit rating, otherwise you would have a good one.
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lenders need a way to understand the financial risk of using a line of credit.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are two ways prospective lenders access the likelihood of a consumer loan being repaid on time and in full. Check all that apply
Credit Worthiness & Credit Card Statement
Credit Card Statement
& Credit Score
Credit Report & Credit Card Statement
Credit Score
& Credit Report
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