Credit  Quiz

Credit Quiz

12th Grade

18 Qs

quiz-placeholder

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Credit  Quiz

Credit Quiz

Assessment

Quiz

English

12th Grade

Medium

Created by

Daniel Bixler

Used 1+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term means how trusted you are to repay borrowed money?

Open-end credit

Credit risk

Creditworthiness

FICO

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not a part of your credit score?

Length of credit history

Payment history

Total amount that you owe

High school grades

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have a good credit score, you are more likely to:

lose your job

Be offered loans with better terms

Be offered high rates on car insurance

not be able to get a credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement to receive a service now and pay for it later

Service credit

Open-end credit

Closed-end credit

Credit report

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After paying off the balance, which type of credit remains open to be used again?

Open-end credit

Service credit

Closed-end credit

Finance charged credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term represents interest and all other fees added on to credit purchases?

Annual fee

Annual percentage rate

Introductory rate

Finance charges

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What fee will you pay if you go over your credit limit?

Minimum payment fee

Over-the-limit fee

Introductory rate

Grace period fee

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