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Ch.4 and Ch.7 review

Authored by Matt Burleson

Social Studies

11th - 12th Grade

CCSS covered

Used 5+ times

Ch.4 and Ch.7 review
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39 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A detailed report of an individual's credit history.

Credit report

Credit score

Loan term

Credit Karma

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Time frame that a loan agreement is in force and at the end of which the loan should be repaid.

Annual fee

Loan term

Annual Percentage Rate

Cycle of debt

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A measure of an individual's credit risk. Calculated from a credit report using a standardized formula.

Credit report

Credit karma

Credit score

EZ Credit

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A yearly fee that is charged by the credit card company for the convenience of the credit card.

Annual fee

Annual Percentage Rate

Cash back

Rewards

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lenders use credit agencies to determine:

An applicant's credit score

An applicant's credit history

Whether an applicant has any outstanding debt or defaults

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A car loan is an example of 

unsecured debt 
mortgage
lease
installment loan

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