Credit Basics

Credit Basics

Assessment

Flashcard

Life Skills, Other

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

All of the following are dangers of credit, EXCEPT: Overspending, Can be dangerous in tough economic times, Can be expensive

Back

Can increase your financial options

2.

FLASHCARD QUESTION

Front

All of the following are dangers of credit, EXCEPT: Overspending, Can be dangerous in tough economic times, Can be expensive

Back

Can increase your financial options

3.

FLASHCARD QUESTION

Front

True or False: Credit can lead to overspending.

Back

True

4.

FLASHCARD QUESTION

Front

Which of the following is NOT a factor to consider when taking out a loan? Length of the loan, Total Cost of the loan, Impact of the monthly payment on your budget, How much time it takes to receive the loan

Back

How much time it takes to receive the loan

5.

FLASHCARD QUESTION

Front

How do you ruin your credit? Options: Have someone Co-Sign your loan, Not pay your bills, Get a gas/Apartment card, Cats

Back

Not pay your bills

6.

FLASHCARD QUESTION

Front

Which of the following would IMPROVE your credit score? Options: Closing out old credit cards., Paying off your credit card bill., Using a large portion of your credit limit., Opening a new savings account.

Back

Paying off your credit card bill.

7.

FLASHCARD QUESTION

Front

Interest is:

Back

The amount owed for borrowing money

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