Unit 11 Review

Unit 11 Review
Credit Scores

Multiple Choice

What is the range for a fair credit score?

• 700-749

• 650-699

• 550-649

• below 550

Multiple Choice

What is the percentage of payment history in a credit score?

• 35%

• 30%

• 15%

• 10%

Multiple Choice

What is the percentage of current debts in a credit score?

• 35%

• 30%

• 15%

• 10%

Multiple Choice

What is the percentage of credit history age in a credit score?

• 35%

• 30%

• 15%

• 10%

Multiple Choice

True/False: Your credit score will be the same number at all three of the major credit bureaus.

• True

• False

Multiple Choice

True or False: As a general rule, credit bureaus make lending decisions.

• True

• False

Multiple Choice

You borrow $7,500 over 4 years. Your credit score is 750. How much did you save having a 750 credit score compared to a 699 score?

https://www.amortization-calc.com/loan-calculator/

• $180

• $202

• $22

• $23

Multiple Choice

True or False: Paying off debt will improve your credit score.

• True

• False

Multiple Choice

True or False: Closing unused accounts will improve your credit score.

• True

• False

Multiple Choice

What is the overall grade for this student?

• 68.90%

• 19.69%

• 69.70%

• 69.55%

Multiple Choice

What is the needed grade for the final exam to earn a 90% in the course?

• 87.75%

• 90.20%

• 70.30%

• 98.50%

Multiple Select

What are you allowed to use to help you on the Quiz tomorrow?

Select all that apply.

• Guided notes from Prep for Success

• My own notes

• The edio lessons

• Online loan calculator & regular calculator