What is Credit??

Quiz
•
Business
•
9th - 12th Grade
•
Easy
Used 71+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are entitled to a free copy of your credit report twice a year.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the highest credit score number?
750
800
850
900
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Errors on a credit report are easy to fix.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan will be in repayment for more than 10 years?
timely loans
intermediate-term loans
long-term loans
large lump loans
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your credit rating is a number calculated by using information on a credit report which shows lenders the risk they take by loaning money to you.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FICO stands for Fair Isaac Corporation.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following defines APR?
yearly membership or participation feed
a measure of the cost of credit, expressed as a yearly rate
loans which will be in repayment for less than an 18 month time period
fees for getting cash advances
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