
Credit Exam Practice
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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52 questions
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1.
FLASHCARD QUESTION
Front
the ability to understand and make use of a variety of financial skills, including personal money management, budgeting and investing is known as...
Back
Financial Literacy
2.
FLASHCARD QUESTION
Front
What is debt?
Back
Money that is owed
3.
FLASHCARD QUESTION
Front
How long does negative information, like a bankruptcy, typically last on your credit report?
Back
7-10 Years
4.
FLASHCARD QUESTION
Front
There are ____ major credit reporting bureaus that lenders will use to check your credit report and credit score.
Back
3
5.
FLASHCARD QUESTION
Front
When you are 18, you can join CreditKarma for which of the following reasons? To check your credit score, To see suggestions for improving your credit, To view negative information on your credit report, To view reported balances on your accounts
Back
All of the above
6.
FLASHCARD QUESTION
Front
Your credit report can be viewed before you turn 18 by going to which of the following? www.annualcreditreport.com, www.mycreditscore.com, www.debtconsolidation.com
Back
www.annualcreditreport.com
7.
FLASHCARD QUESTION
Front
Banks and other businesses check to see how you handle your money and manage your debt to determine if you are a good___________.
Back
Risk
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