Credit Quiz 2024

Credit Quiz 2024

Assessment

Quiz

•

Business

•

12th Grade

•

Medium

•
CCSS
7.RP.A.3

Standards-aligned

Created by

Steve Karlblom

Used 18+ times

FREE Resource

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30 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How can you improve your credit score?

Make payments on time

Reduce overall debt

Limit your applications

All of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The 3 credit bureaus that determine your FICO score are:

Equifax, Transunion, and Experian

Transamerican, Equality, Experience

Transparcel, Equin, Faxqui

Crederian, Equiunion, Experfax

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is a credit score?

A credit score is a three-digit numerical rating that reflects how likely you are to fail at paying your debts

A five-digit numerical rating that reflects how likely you are to repay your debt.

A three-digit numerical rating that reflects how likely you are to repay your debt.

A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Your Credit Score could effect whether or not you can rent an apartment?

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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A good way to build credit is to open as many credit cards as you can?

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the single best thing you can do to help build a good credit score and keept it once you have it?

Pay my bills on time

Keep balances on all accounts low

Take out only the credit I need when I need it.

Pay cash

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Race and gender are factors in a credit score.

Myth
Fact

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