INTRO TO BUSINESS CH 25 CREDIT

INTRO TO BUSINESS CH 25 CREDIT

9th - 12th Grade

39 Qs

quiz-placeholder

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INTRO TO BUSINESS CH 25 CREDIT

INTRO TO BUSINESS CH 25 CREDIT

Assessment

Quiz

Business

9th - 12th Grade

Easy

CCSS
7.RP.A.3

Standards-aligned

Created by

Chelsey Gilmore

Used 7+ times

FREE Resource

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are dangers of credit, EXCEPT:
Overspending
Can be dangerous in tough economic times
Can increase your financial options
Can be expensive

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

True or False: Credit can lead to overspending.
True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor to consider when taking out a loan?
Length of the loan
Total Cost of the loan
Impact of the monthly payment on your budget
How much time it takes to receive the loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you ruin your credit?
Have someone Co-Sign your loan
Not pay your bills
Get a gas/Apartment card
Cats

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following would IMPROVE your credit score. 
Closing out old credit cards. 
Paying off your credit card bill. 
Using a large portion of your credit limit. 
Opening a new savings account. 

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Interest is: 
A charge for lending money to a bank
The amount owed for borrowing money
the amount added into your savings when opening a bank account
a charge for the convenience of accessing money stored in your bank account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The "term" is the initial amount of money borrowed in a loan.
True
False

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