Chapter 7 Test

Chapter 7 Test

12th Grade

36 Qs

quiz-placeholder

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Chapter 7 Test

Chapter 7 Test

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Dylan Silva

Used 6+ times

FREE Resource

36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Indicate whether the statement is true or false. 1. A credit card allows you to spend money loaned by a financial institution.

True

False

2.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Indicate whether the statement is true or false. 2. Credit cards and debit cards are the same. (True/False)

True

False

3.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Indicate whether the statement is true or false. 3. Finance charges on credit cards cannot be avoided.

True

False

4.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Indicate whether the statement is true or false. 4. You must complete an application to get a credit card. (True/False)

True

False

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Indicate whether the statement is true or false. 5. A credit report shows a summary of all the companies that have extended credit to you.

True

False

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

A finance charge is a fee associated with credit.

True

False

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

A revolving line of credit means the credit limit is constantly changing.

True

False

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