7.2 Credit: Types and Sources
Quiz
•
Other
•
10th Grade
•
Medium
Used 2+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Open-end credit can be used again and again as long as...
you exceed a balance over the limit
the balanced owed does NOT exceed over the limit
you repay the entire balance within 10-25 days
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account gives the consumer the option to pa the balance in full by the due date or in payments as high as the minimum?
Savings Account
Checking Account
Revolving Account
Money Market Account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of borrowing and involves interest charges?
Credit Cards
Charge Card Agreement
Gift Card
Gasoline Company Card
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Annual Percentage Rate (APR)?
time frame within which you pay your current balance in full
a fee within range of $40 up to $100
a 25-day billing period
the cost of credit expenses as a yearly percentage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal business that makes high-interest loans based on personal possessions.
Pawn Broker/Pawnshop
Finance Companies
Loan Shark
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a loan shark?
a legal business
a finance company
a retail store
an unlicensed lender who charges illegally high interest rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are other sources of credit?
Life insurance policies
Borrowing against a deposit
Borrowing against an asset
Lines of credit
All of the Above
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
10 questions
FutureSmart Mod4
Quiz
•
6th - 10th Grade
12 questions
Primary vs. Secondary Sources
Quiz
•
9th - 12th Grade
8 questions
Cyber Safety And Ethics
Quiz
•
KG - Professional Dev...
11 questions
history of money
Quiz
•
10th - 11th Grade
10 questions
Discord quiz 2021
Quiz
•
3rd Grade - Professio...
10 questions
APA Referencing
Quiz
•
KG - University
12 questions
Account Classifications
Quiz
•
9th - 12th Grade
10 questions
How well do you know Addison Rae?
Quiz
•
4th Grade - Professio...
Popular Resources on Wayground
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
MINERS Core Values Quiz
Quiz
•
8th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
10 questions
How to Email your Teacher
Quiz
•
Professional Development
15 questions
Order of Operations
Quiz
•
5th Grade
Discover more resources for Other
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
28 questions
Ser vs estar
Quiz
•
9th - 12th Grade
20 questions
Translations, Reflections & Rotations
Quiz
•
8th - 10th Grade
15 questions
PRESENTE CONTINUO
Quiz
•
9th - 12th Grade
20 questions
Simplifying Radicals
Quiz
•
10th Grade
10 questions
Exploring Newton's Laws of Motion
Interactive video
•
6th - 10th Grade
20 questions
Cell organelles and functions
Quiz
•
10th Grade
