Credit and Borrowing
Authored by Lisa Canty
Life Skills
8th Grade
Used 11+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does borrowing capacity refer to?
Income sources
Investment potential
Savings amount
Lending power
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factors can impact your borrowing capacity?
Credit history and loan terms
Savings amount and income sources
Investment potential and interest rates
Debt to income ratio
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit score is a number from ___ to ___.
350 to 800
280 to 750
300 to 850
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: A credit score represents a person's creditworthiness.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors used to calculate your credit score.
Payment history
Types of credit
Length of credit history
New credit
Amounts owed
Reliable
Dependable
Debt Utilization
Payment History
Types of credit
Reliable
Dependable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit score from 670 to 739 is rated as:
Good
Fair
Very Good
Excellent
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 Cs of credit.
Character
Company
Credit
Check
Consumer
Character
Capacity
Capital
Collateral
Conditions
Character
Consumer
Credit
Collection
Credit Score
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