What percentage of Americans have not fully paid for their homes?
Understanding Credit

Quiz
•
English
•
12th Grade
•
Medium
Kyren Watts
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
30%
40%
50%
60%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average cost of a home in America?
Less than $200,000
$200,000 - $300,000
$300,000 - $400,000
Over $400,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do many people buy homes if they don't have enough money saved up?
They borrow money from friends and family
They rely on credit
They sell their belongings
They take out a personal loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
The measure of trust a customer gives to a bank or store
The amount of money a customer has saved up
The cost of goods and services
The interest charged on a loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best rule for spending?
Spend more money than you have
Don't spend more money than you have
Only spend money on essential items
Save all your money for the future
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit like?
An investment
An IOU
A gift
A loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if you don't pay back the money you borrowed on time?
You will have bad credit
You will receive a discount
You will be rewarded
You will be given more credit
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