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Credit: What and Why

Authored by Alvalene Rogers

Life Skills

9th - 12th Grade

Used 2+ times

Credit: What and Why
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit

Using someone else's money

Charging something

Using someone else's money, borrowed now with the agreement to pay it back later

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What phased out, causing the need for credit

Farming

Bartering and trading

Currency exchange

Printing of paper money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the oldest form of credit

Account at the General Store

JcPenney and Belk

Checking Account

IRA

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What increased as credit expanded

Credit scores

Individual purchasing power

Group sales

Value of corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When did people begin declaring bankruptcy

1920

1950

1970

1990

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When did buying on credit become the American way of life

1920 - 1940

1920 - 1960

1920 - 1990

1975 - 1998

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What transaction are hard to make without a credit card?

Reserving a hotel, renting a card

Renting a home, buying groceries

Reserving a hotel, renting a car, making online purchase

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