Stocks + Credit

Stocks + Credit

9th - 12th Grade

42 Qs

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Stocks + Credit

Stocks + Credit

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Natalie Keller

Used 4+ times

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42 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following statements comparing credit and debit cards is TRUE?

Far more businesses accept credit cards than debit cards

Credit cards pull money directly from your bank account, while debit cards get their money from Visa or Mastercard

Credit card companies provide you with a monthly statement, while debit cards do not

With debit cards, you're spending your own money at point of sale, while with credit cards, you're promising to pay back the money eventually

none of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is an outstanding balance?

The amount you paid in your minimum payment

The amount you spent in total

The amount you still owe after you have made your most recent payment

The amount you still have in your life of credit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the advantage of paying your credit card balance in full each month?

You will incur only a small "paid in full" fee on your next credit card statement.

You pay only a small amount of interest.

You have less of your credit limit available, therefore, less temptation to spend. 

You avoid paying any interest and fees.

all of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What are the three most popular credit bureaus?

Equifax

TransUnion

All Of The Above

Experian

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Why is a good credit score important?

It makes renting easier and you get approved more often.

You can get benefits, like qualifying for lower credit card interest.

It's cheaper to borrow money when you need it.

All of the above.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is Interest?

The amount you're borrowing.

Percentage that your financial institution charges you for lending you the money.

The amount of time you have to pay it all back.

None of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which of the following is NOT a typical type of credit?

Mortgage

Overdraft

Credit Card

Pre-Paid Debit Card

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