GFL Strand 5, Standard 3: Credit Reports
Quiz
•
Business
•
11th Grade
•
Easy
Adam Hunt
Used 6+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three major credit bureaus?
Equifax, Experian, TransUnion
FICO, Experian, TransUnion
Equifax, FICO, TransUnion
FICO, Equifax, Experian
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a credit score measure?
A person’s creditworthiness based on their financial history
A person’s total income and assets
The number of loans a person has taken
A person’s monthly expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the range of most credit scores?
0–500
300–850
600–900
200–800
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the legal right to access your free annual credit report?
Through credit card companies
By visiting AnnualCreditReport.com
By contacting the Federal Reserve
Through your bank or credit union
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following appears on a credit report?
Employment history
Late payments on credit accounts
Grocery purchases
Tax refunds
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one consequence of having a low credit score?
Easier approval for loans
Higher interest rates on loans
Lower monthly payments
Reduced tax obligations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often should you check your credit report?
Once a year
Every five years
Only before applying for a loan
Monthly
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