Credit

Credit

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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39 questions

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1.

FLASHCARD QUESTION

Front

What type of credit would be a credit card?

Back

Revolving

2.

FLASHCARD QUESTION

Front

What type of credit would be a mortgage?

Back

Installment

3.

FLASHCARD QUESTION

Front

What type of credit would be an auto loan?

Back

Installment

4.

FLASHCARD QUESTION

Front

What happens when you pay the minimum on your credit card?

Back

You only pay interest, basically; You end up paying more; It takes longer to pay off; All of these are correct.

5.

FLASHCARD QUESTION

Front

What is NOT an advantage of a DEBIT card?

Back

It helps build your credit.

6.

FLASHCARD QUESTION

Front

Equifax, TransUnion, Experian are examples of _____?

Back

Credit bureaus

7.

FLASHCARD QUESTION

Front

Credit unions are different from banks because

Back

Credit Unions are not-for-profit, while banks are for profit institutions.

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