Personal Finance Spring_21

Personal Finance Spring_21

10th - 12th Grade

25 Qs

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Personal Finance Spring_21

Personal Finance Spring_21

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

J. Mendenhall

Used 39+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the typical range for Credit Scores?

0-100

0-1000

300-850

250-750

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be the best Credit Score?

10

200

740

820

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors impacts your Credit Score the most?

length of credit history

payment history

new lines of credit

amounts owed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payment History and Length of Credit History together make up what percentage of your Credit Score?

15%

35%

50%

75%

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following would lower your credit score?

Making late payments

Not making payments

Using $4,800 of your $5,000 credit limit

Using $200 of your $7,000 credit limit

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following would increase your Credit Score?

Make all payments on time

Make a few late payments a year

Paying accounts off early

Opening up three new credit cards at the same time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following can be negative consequences of a low or fair Credit Score, except which one?

Receiving a high interest rate on a credit card

Receiving the approved rate for a new credit card

Being denied a loan

Being denied an apartment

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