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Credit
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
Monica Weary
FREE Resource
Enhance your content in a minute
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal proceeding carried out to allow individuals or businesses freedom from their debts, while simultaneously providing creditors an opportunity for repayment
Bankruptcy
Trial
Summons
Money Divorce
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The consequences of not paying taxes may be:
Garnish wages
Property seizure (they take it)
Bank account seizure (they take it)
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement in which a borrower receives something of value now and agrees to repay the lender in the future, generally with interest
Credit Score
Credit
Annual Percentage Rate (APR)
Credit Bureau
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The interest rate a credit card user will be charged on the unpaid portion of their balance
High Rate Method
Credit
Credit Bureau
Annual Percentage Rate (APR)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal process that relieves debtors of the responsibility of paying their debts or protects them while they try to repay
Credit Utilization Rate
Credit
High Rate Method
Bankruptcy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Attempted recovery of a past-due credit obligation or debt by a collection department or agency
Net Worth
Credit Bureau
Collections
Debt Snowball Method
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement in which a borrower receives something of value now and agrees to repay the lender in the future, generally with interest
Credit Score
Credit
Annual Percentage Rate (APR)
Credit Bureau
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