GFL Strand 5, Standard 3: Credit Reports

GFL Strand 5, Standard 3: Credit Reports

11th Grade

20 Qs

quiz-placeholder

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GFL Strand 5, Standard 3: Credit Reports

GFL Strand 5, Standard 3: Credit Reports

Assessment

Quiz

Business

11th Grade

Easy

Created by

Adam Hunt

Used 6+ times

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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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