Credit Cards

Credit Cards

Assessment

Flashcard

Business

9th - 12th Grade

Hard

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6 questions

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1.

FLASHCARD QUESTION

Front

Which one below is an example of a common credit mistake?
Options: Closing credit accounts, Maxing out credit cards, Regularly checking credit reports, Paying bills on time

Back

Maxing out credit cards

2.

FLASHCARD QUESTION

Front

Based on the internet, how high should your credit score be to finance a car?

Back

660

3.

FLASHCARD QUESTION

Front

Is it a mistake to reject a pre-approved limit increase on a credit card?

Back

YES

4.

FLASHCARD QUESTION

Front

How does your credit score affect you as an adult?

Back

Your credit score can impact your ability to get loans, credit cards, rent an apartment, or get a job. A higher score can lead to better opportunities and lower costs.

5.

FLASHCARD QUESTION

Front

Which factor below does NOT affect your credit score? Options: Income level, where you bank, Age, Marital status

Back

Income level

6.

FLASHCARD QUESTION

Front

Which one below will definitely check your credit score? Options: Applying for a loan or credit card, Eating breakfast, Watching a movie, Checking your email

Back

Applying for a loan or credit card