Personal Finance: Credit and Loans

Personal Finance: Credit and Loans

9th - 12th Grade

40 Qs

quiz-placeholder

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Personal Finance: Credit and Loans

Personal Finance: Credit and Loans

Assessment

Quiz

Mathematics, Other

9th - 12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3

Standards-aligned

Created by

John Judkins

Used 18+ times

FREE Resource

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Cancel your credit cards

Buy some large things on credit

Check your credit score

Make on time payments

2.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 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

1 min • 1 pt

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

Account balances

Bankruptcies and foreclosures

Current address

Medical information

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a line of credit extended to individuals or businesses who may use it as often as desired up to a specific dollar limit?

Annual Percentage Rate

Credit Cards

Intermediate-term Loans

Revolving Credit

6.

MULTIPLE CHOICE QUESTION

1 min • 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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What loans will be in repayment for more than 10 years?

Car Loans

Intermediate-term Loans

Long-term Loans

Short-term Loans

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