introduction to credit
Authored by Johanna Roman
Mathematics, Life Skills
10th - 12th Grade
CCSS covered
Used 5+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ is a report that details how a person has used credit in the past.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum amount you may borrow on a credit card is known as:
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To build a good credit history, you should
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
credit
the ability to acquire money, goods or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred
loans which will be in repayment for less than an 18 month time period
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
short-term loans
the ability to acquire money, goods or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred
loans which will be in repayment for less than an 18 month time period
loans which will be in repayment for more than 10 years
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
long-term loans
the ability to acquire money, goods or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred
loans which will be in repayment for less than an 18 month time period
loans which will be in repayment for more than 10 years
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
credit cards
one of the most common types of loans; charged with debt either by passing the numeric strip through a card reader or by manually typing in the number on the front
a measure of the cost of credit; expressed as a yearly rate
yearly membership or participation fees
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
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