Credit and Debt Quiz2
Quiz
•
Business
•
12th Grade
•
Medium
Scott Marsden
Used 21+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit bureau?
A company that provides loans to consumers
A company that collects and maintains individual credit information
A company that sells cars to consumers
A company that offers insurance to consumers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a FICO Score?
A score given by lenders to consumers
A score calculated using software from Fair Isaac Corporation
A score indicating the amount of credit a consumer has used
A score indicating the interest rate charged by lenders
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a foreclosure?
A process in which a lender sells the asset used as collateral for the loan
A process in which a borrower receives something of value from a lender
A process in which a borrower makes multiple unsuccessful attempts to collect the amount owed by the lender
A process in which a lender attempts to recover the balance of a loan from a borrower
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit inquiry?
A request from a creditor to check a debtor’s credit
A request from a lender to check a borrower’s credit
A request from a consumer to check a business’s credit
A request from a business to check a consumer’s credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit utilization?
The amount of credit a consumer has used relative to the total amount of credit extended by lenders
The amount of credit a consumer has used relative to the total amount of credit available
The amount of credit a consumer has used relative to the total amount of credit requested
The amount of credit a consumer has used relative to the total amount of credit approved
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a collections agency?
An entity used by creditors to recover funds from consumers
An entity used by businesses to recover funds from creditors
An entity used by consumers to recover funds from lenders
An entity used by lenders to recover funds that are past due or accounts that are in default
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest rate?
The amount charged by a borrower to a lender for the repayment of a loan
The amount charged by a lender to a borrower for the repayment of a loan
The amount charged by a borrower to a lender for the use of money
The amount charged by a lender to a borrower for the use of money
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
10 questions
Ch 9: Small Business Lending
Quiz
•
12th Grade
10 questions
Chapter 4: Long Term and Short term funds
Quiz
•
12th Grade
10 questions
Double-Entry System
Quiz
•
12th Grade
12 questions
IP Unit 2
Quiz
•
9th - 12th Grade
20 questions
Cost of Credit
Quiz
•
9th Grade - University
16 questions
Credit Pre-Assessment Prep
Quiz
•
12th Grade
10 questions
PF Chapter 3 LESSON 2 Sources and Types of Credit
Quiz
•
9th Grade - University
20 questions
Credit - Home Buying
Quiz
•
12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade