FINE PRINT: Credit Report

FINE PRINT: Credit Report

Assessment

Flashcard

Financial Education

12th Grade

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

This is the credit report for how many people?

Back

1

2.

FLASHCARD QUESTION

Front

How long of a mortgage did Lillie take out?

Back

30 years

3.

FLASHCARD QUESTION

Front

Which statement about Lillie’s mortgage is FALSE? She currently owes $360,595, She started paying this mortgage in November 2012, She makes more than the monthly minimum payment, She is on-time with all of her payments

Back

She currently owes $360,595

4.

FLASHCARD QUESTION

Front

What accounts does Lillie T. Lane have open at this time?

Back

One mortgage and one credit card

5.

FLASHCARD QUESTION

Front

What is the credit limit on Lillie’s First USA Bank credit card?

Back

$8,850

6.

FLASHCARD QUESTION

Front

What was the highest balance Lillie had on her credit card?

Back

$2,695

7.

FLASHCARD QUESTION

Front

Which statement is true about Lillie’s past due account(s)? Options: She’s 30 days overdue, by $50, on 1 account; She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account; She’s 60 days overdue, by $50, on 1 account; She’s 90 days overdue, by $50, on 1 account

Back

She’s 60 days overdue, by $50, on 1 account

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