Credit 1-15

Credit 1-15

9th - 12th Grade

16 Qs

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Assessment

Quiz

Education

9th - 12th Grade

Medium

Created by

Lisa Rose

Used 37+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does APR stand for?

American Peoples Reports
Annual Progress Report
American Percentage Rate
Annual Percentage Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total interest you are charged each year on what you owe a credit card company

Annual Percentage Rate (APR)
Annual Fee
Interest
Debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What allows consumers to pay the manufacturer to purchase a car instead of going through a bank

Apr

Auto finance company

5 cs of credit

Cash advance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount remaining on an account

Balance owed

APR

Cash advance

Collateral

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business / financial institution that stores and manages money for individuals and other businesses?

A Bank

Credit card company

Auto finance company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bankruptcy?

when you cancel a credit card

legal process declaring yourself unable to pay debts

deciding who gets your money when you die

when you make a late payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"fresh start"

bankruptcy chapter 7

bankruptcy chapter 11

bankruptcy chapter 13

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