Credit and Loans Quiz

Credit and Loans Quiz

9th - 12th Grade

15 Qs

quiz-placeholder

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Credit and Loans Quiz

Credit and Loans Quiz

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Nikki Caudle

Used 27+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the best way to improve your low credit score?

Cancel your credit cards

Check your credit score

Check your credit score

Make on time payments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long will a late credit card payment remain on your credit report?

As soon as I make the payment

1 year

7 years

10 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following most likely represents a fixed rate, secured debt?

A credit card

A dealer financed auto loan

A debit card

A home equity line of credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will NOT help you build your credit history?

Auto loan

Credit card

Debit card

Home mortgage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT included in an individual’s credit report?

Account balances

Bankruptcies and foreclosures

Current address

Medical information

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the ability to acquire money, goods or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred?

Annual Fees

Credit

Intermediate-term Loans

FICO Scores

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are loans will be in repayment for less than an 18 month time period?

Intermediate-term Loans

Long-term Loans

Short-term Loans

Mortgage loans

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