Review of Intro to Business-3

Review of Intro to Business-3

9th - 12th Grade

20 Qs

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Review of Intro to Business-3

Review of Intro to Business-3

Assessment

Quiz

Other

9th - 12th Grade

Easy

CCSS
RI.9-10.4, RI.11-12.3, L.11-12.4C

+12

Standards-aligned

Created by

Steven Howard

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is credit?

Money allocated to a specific account for future use by the consumer without borrowing
Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
The ability and willingness of an individual to pay back a loan as perceived by the lender
An individual’s character, capital, capacity, collateral and conditions

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Amount charged if your payment is received after the billing date

late payment fee
overdue fee
withdrawal fee
loser fee

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maximum amount you are allowed to carry as a balance on the card

interest
ARP
credit line
all of these

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is a fee that some, but not all, credit card issuers charge to use their credit card.

APR
annual fee
monthly fee
no such thing

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Benefits of credit cards include:

safe and convenient, bonuses are offered
allows you to build a positive credit report
needed for reservations and online shopping
all of these

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The maximum amount you may borrow on a credit card is known as:

creditworthiness
credit report
credit limit
variable rate of credit

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your credit score is not configured off of which of the following:

Payment history
Amount owed
GPA
Length of credit history

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