CW 7.1 Credit Report

CW 7.1 Credit Report

12th Grade

12 Qs

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CW 7.1 Credit Report

CW 7.1 Credit Report

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Barbara Frost

Used 9+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the credit report for how many people?

1

2

3

4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long of a mortgage did Lillie take out?

40 months

5 years

30 years

360 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement about Lillie's mortgage is FALSE?

She currently owes $360,595

She started paying this mortgage in November 2012

She makes more than the monthly minimum payment

She is on-time with all of her payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What accounts does Lillie T. Lane have open at this time?

One mortgage

One mortgage and one credit card

One mortgage and two credit cards

One mortgage, two credit cards, and one bank account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the credit limit on Lillie’s First USA Bank credit card?

$1,684

$2,695

$5,500

$8,850

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the highest balance Lillie had on her credit card?

$1,684

$2,695

$5,500

$8,850

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is true about Lillie’s past due account(s)?

She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account

She’s 30 days overdue, by $50, on 1 account

She’s 60 days overdue, by $50, on 1 account

She’s 90 days overdue, by $50, on 1 account

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