What is credit?
Smart Credit 101

Quiz
•
Professional Development
•
Professional Development
•
Medium
ELi Wolf
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
A tool to assist in building your financial future
A method of paying for goods and services
A bad thing to have
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the credit score range?
200-700
300-850
400-900
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not one of the five major factors that determine your credit score?
Payment History
Debt usage
Length of credit history
Number of credit cards
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What percentage of your credit score does FICO claim is based on payment history?
10%
25%
35%
50%
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is credit utilization?
The amount of credit limit your using
The amount of credit limit you have available
The amount of money you owe
6.
MULTIPLE SELECT QUESTION
1 min • 3 pts
How does debt usage impact your credit score?
It has no impact
it can increase your score
it can decrease your score
it has minimal impact
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an example of an installment account?
credit card
student loan
gas station card
bus card
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