Personal Financial Literacy Module Test

What is the total amount of debt this person owes?

• $20,475

• $7,351

• $13,124

• $5,773

How is the employee paid?

• Salary

• Wages

• Unsecured

• Secured

What is a credit score?

• An average of all of a borrower's credit accounts.

• A number that represents how much money a borrower owes.

• A score from a test given to borrowers by lenders.

• A number that represents the risk a lender takes on a borrower.

Jimmy has poor credit, but would like to repair his credit with a credit card. For what type of card should Jimmy apply?

• Current

• 123.12

• 48.52

• 21.68

Consumer credit can help a lender determine how much a borrower is charged to borrow money.

Phil Reagan has written a check to USA Electronics for $152.65. Is this check filled out correctly?

How many payments have been late by at least 30 days?

An account that allows you easy access to your money and allows the use of checks and debit cards.

Using misleading product images is an example of what type of deceptive advertising?

If a consumer DOES NOT have any collection accounts, does that have a negative impact on their score?