Credit Basics

Credit Basics

KG - University

45 Qs

quiz-placeholder

Similar activities

PAE Fall 2020 Review

PAE Fall 2020 Review

8th - 11th Grade

42 Qs

Semester 1 Review

Semester 1 Review

12th Grade

50 Qs

SELEKSI HIPERAKSI X

SELEKSI HIPERAKSI X

10th Grade

40 Qs

CH2 Histology REVIEW

CH2 Histology REVIEW

11th Grade

47 Qs

Affective Disorders (Mood Disorders)

Affective Disorders (Mood Disorders)

University

40 Qs

AP Unit 2/Gen. Psychology Ch. 1 Research Methods

AP Unit 2/Gen. Psychology Ch. 1 Research Methods

11th Grade

43 Qs

PHOTOSHOP INTRO

PHOTOSHOP INTRO

9th - 12th Grade

50 Qs

Unit 3 Revision 2

Unit 3 Revision 2

University

50 Qs

Credit Basics

Credit Basics

Assessment

Quiz

Specialty

KG - University

Hard

Created by

Tracy Lane

Used 128+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The two most commonly used types of credit are which of the following?
Installment loans and Credit cards
Credit and ATM cards
Debit and ATM cards
Installment loans and debit cards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Whether you are dealing with a loan or a credit card,the actual amount borrowed is known as what?
Annual percentage rate(APR)
Minimum payment
Principal
Finance charge

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Whether you are dealing with a loan or a credit card,the amount of interest your payment includes each month is known as what?
Principal
Finance charge
Minimum payment 
Annual percentage rate (APR)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Whether you are dealing with a loan or a credit card,the percentage used to calculate the amount of interest you owe is known as what?
Annual percentage rate(APR)
Finance charge
Principal
Minimum payment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When dealing with a credit card,the amount of money you must pay each month is known as what?
Finance charge
Annual percentage rate(APR)
Principal
Minimum payment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following means to default on a loan or credit card?
Make only the minimum payment each month
Stop making payments with no ability to ever make payments
Pay on the balance every month
To pay off your balance in full

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The flexibility of buying on credit is consider which of the following?
An advantage
A pitfall
A disadvantage
A Danger

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?