Credit and Debt

Credit and Debt

8th Grade

13 Qs

quiz-placeholder

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Credit and Debt

Credit and Debt

Assessment

Quiz

Financial Education

8th Grade

Medium

Created by

Dani Boepple

Used 6+ times

FREE Resource

13 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A ______ score is a number that represents your creditworthiness.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When you borrow money, the amount you owe is called ____.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

________ is the fee you pay for borrowing money, usually a percentage of the amount borrowed.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It's important to make your monthly payments on ____ to avoid penalties and late fees.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The maximum amount you can borrow on a credit card is called the credit _____.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the fee charged for borrowing money?

Principal

Interest

Equity

Balance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can negatively impact your credit score?

Paying bills on time

High credit card balances

Having a variety of credit types

Low credit utilization

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