U5L3 BW Finance

U5L3 BW Finance

Assessment

Flashcard

Business

9th - 12th Grade

Hard

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7 questions

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1.

FLASHCARD QUESTION

Front

How long will a negative credit action usually remain on a credit report?

Back

7 years

2.

FLASHCARD QUESTION

Front

What is important in establishing good credit?

Back

Making payments on time

3.

FLASHCARD QUESTION

Front

What is included under credit history on a credit report?

Back

Late payments

4.

FLASHCARD QUESTION

Front

Who would be more likely to get a car loan? Options: Dave with a credit score 560, Julie with a credit score 780

Back

Julie with a credit score 780

5.

FLASHCARD QUESTION

Front

Information about my purchases in cash or with a debit card appear on my credit report

Back

False

6.

FLASHCARD QUESTION

Front

I should review my credit report for errors. Is this statement True or False?

Back

True

7.

FLASHCARD QUESTION

Front

Having a small amount of debt is good for my credit history. Is this statement True or False?

Back

True