Credit Review
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

12 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Ava, Noah, and Priya are applying for a loan. Why would the lender check their credit history?
Back
To assess the risk of lending money to Ava, Noah, and Priya
2.
FLASHCARD QUESTION
Front
Michael is considering getting a credit card. Nora, who already has one, is explaining the benefits to him. What might she say?
Back
She might say that the benefits are convenience, building credit history, earning rewards, and fraud protection.
3.
FLASHCARD QUESTION
Front
What is the difference between a secured loan and an unsecured loan?
Back
A secured loan is backed by collateral, such as Charlotte's car, while an unsecured loan is not.
4.
FLASHCARD QUESTION
Front
How is Benjamin's credit score calculated?
Back
Credit score is calculated using various factors such as payment history, credit utilization, length of credit history, types of credit used, and new credit inquiries.
5.
FLASHCARD QUESTION
Front
What information can the bank expect to find in Benjamin's credit report? Options: Medical history, criminal records, and political affiliations. Personal identification details, credit accounts, payment history, public records, and inquiries. Social media activity, online shopping history, and travel records. Credit scores, employment history, and income details.
Back
Personal identification details, credit accounts, payment history, public records, and inquiries.
6.
FLASHCARD QUESTION
Front
Lily, Abigail, and Ethan are discussing ways to maintain a good credit score. Which actions can negatively impact their credit scores? Options: Paying off their credit card balance in full every month, Having a long credit history, Applying for a mortgage loan, Late or missed payments, high credit card balances, applying for too much new credit, and having a short credit history.
Back
Late or missed payments, high credit card balances, applying for too much new credit, and having a short credit history.
7.
FLASHCARD QUESTION
Front
What does the term 'credit limit' mean?
Back
It sets a maximum borrowing or spending limit for Scarlett.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Celebration of Knowledge (Early America/Gilded Age)
Flashcard
•
11th Grade
15 questions
Small Talk in Business Contexts
Flashcard
•
KG - University
15 questions
cars
Flashcard
•
KG - University
9 questions
Simple Vocabulary Flashcard
Flashcard
•
KG - University
10 questions
Set 1: Core Values 💖
Flashcard
•
Professional Development
10 questions
Scholarships: How to Apply and Succeed
Flashcard
•
University
10 questions
Evolve 2 Unit - 11 Flashcard - 2
Flashcard
•
University
10 questions
INVITATION LETTER
Flashcard
•
11th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Social Studies
18 questions
Early civil rights and African Americans
Quiz
•
9th - 12th Grade
20 questions
Unit 7.1 The Industrial Revolution
Quiz
•
9th - 12th Grade
13 questions
USHC 3 to North and South Advantages
Quiz
•
11th - 12th Grade
30 questions
AP Psychology: Social Psychology (4.1-4.3) Quiz
Quiz
•
12th Grade
52 questions
Unit 2 Economics (Micro and Market Structures)
Quiz
•
11th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
30 questions
Full test Unit 4: Industrial Revolution
Quiz
•
9th - 12th Grade