Credit and Credit Management Assessment

Credit and Credit Management Assessment

35 Qs

quiz-placeholder

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Credit and Credit Management Assessment

Credit and Credit Management Assessment

Assessment

Quiz

others

Medium

Created by

Callie Sanders

Used 2+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score?
A measure of your annual income
A number representing your creditworthiness
Your total amount of debt
A summary of your monthly expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a major credit reporting agency?
Consumer Financial Protection Bureau
Equifax
Federal Reserve
Internal Revenue Service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of revolving credit?
Mortgage
Student loan
Credit card
Car loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can negatively affect your credit score?
Paying bills on time
High credit card balances
Having a variety of credit types
Checking your own credit report

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of credit reporting agencies?
To enforce tax laws
To provide credit cards
To compile credit information
To offer loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often can you get a free credit report from each major credit bureau?
Once a month
Once a year
Once every five years
Once every six months

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an installment credit?
A credit card balance
A payday loan
A car loan
A line of credit

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