Understanding Credit Scores

Understanding Credit Scores

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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14 questions

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1.

FLASHCARD QUESTION

Front

What is a credit score?

Back

A number used by lenders to represent the risk you are to them

2.

FLASHCARD QUESTION

Front

What is an annual fee in the context of credit cards?

Back

A fee you must pay to have the card, even if you don’t use it

3.

FLASHCARD QUESTION

Front

What is meant by 'Shared Responsibility'?

Back

When two or more people each agree to bear a portion of an obligation

4.

FLASHCARD QUESTION

Front

Which of the following is a consideration regarding the environment? Clean, Messy, Somewhere in the middle, All of the above

Back

All of the above

5.

FLASHCARD QUESTION

Front

What is a security deposit?

Back

A refundable amount paid to cover damages.

6.

FLASHCARD QUESTION

Front

What is one way to divide financial responsibility among roommates?

Back

Each person pays their share individually

7.

FLASHCARD QUESTION

Front

Which of the following is a right of a tenant if the landlord doesn’t make repairs in a reasonable amount of time? Withholding rent without any conditions, Withholding rent following specific rules, Paying extra rent, Moving out immediately.

Back

Withholding rent following specific rules

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