Credit

Credit

12th Grade

29 Qs

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Credit

Credit

Assessment

Quiz

12th Grade

Medium

CCSS
7.RP.A.3, 7.NS.A.2C, RI.11-12.4

+4

Standards-aligned

Created by

Mary Cox

Used 9+ times

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which one is considered a danger of using a credit card

no cash needed
leads to overspending
convenient
earns rewards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

Payment history
Amount owed
Where you live
Length of credit history

Tags

CCSS.7.NS.A.2C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

To build a good credit history, you should

open as much credit as possible quickly
use the maximum credit allowed on all your credit cards
pay on time and as much of your balance as possible
all of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Over time, people who pay off their credit card balance in full every month will pay less in interest on their credit card.

true
false

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is credit?

Free money
Borrowed money
Standard of living
A term that causes tears

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What financial habits determine your credit score?

Payment History & Amount you owe 
Length of credit history & Amount of new credit applied for recently
Types of credit open
All of these are correct

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