What is Credit/Praguer U

What is Credit/Praguer U

6th - 8th Grade

9 Qs

quiz-placeholder

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What is Credit/Praguer U

What is Credit/Praguer U

Assessment

Quiz

Financial Education

6th - 8th Grade

Hard

Created by

Jamie Krysak

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Credit?

A way to borrow money from the government

A loan you need to pay back within a month

The ability to borrow money and pay later

Only for buying small items like snacks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit allows you to buy on the ___________ that you will pay for it later.

condition

idea

card

promise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you use credit, who are you borrowing money from?

Credit card company/bank

parents

loan officer

checking account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does paying your bills on time impact your credit score?

No effect on your score

It can hurt your credit score

It positively impacts your score

Only affects your spending habits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can credit affect your ability to make large purchases, such as a car or home?

Poor credit means easier loan approvals

Good credit can make large purchases more affordable

Credit does not affect large purchases

Only cash purchases are possible for large items

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a lender?

Someone who borrows money

Someone who gives loans or credit

A person who buys items in stores

A person who keeps your money safe

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who gives you a credit score?

Your bank

Your employer

Credit reporting agencies (Equifax, Experian, TransUnion)

Your friends and family

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines your credit score?

The amount of money you have in the bank

The number of credit cards you own

Your credit history, including payment history, debt, and credit use

Your age and education level

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I pay my bills on time, what will happen to my credit score?

It will go down

It will stay the same

It will go up

It will disappear