Credit Reports

Credit Reports

6th Grade

10 Qs

quiz-placeholder

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9 Qs

Credit Reports

Credit Reports

Assessment

Quiz

Mathematics

6th Grade

Practice Problem

Medium

CCSS
6.NS.C.5, RF.3.3B, RI.4.5

+8

Standards-aligned

Created by

Ana Corkill

Used 722+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to establish positive credit history?

Higher credit scores result in lower interest rates on loans

You are more likely to be offered a loan by a bank

Positive credit history results in higher credit scores

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long will a negative credit action usually remain on a credit report?

4 years

11 years

7 years

15 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is important in establishing good credit?

Making payments on time

Being late on payments

Spending 100% of your credit limit

Missing a payment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included under credit history on a credit report?

Date of birth

Late payments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Late payments can help create a high credit score

True

False

Tags

CCSS.6.NS.C.5

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who would be more likely to get a car loan?

Dave with a credit score 560

Julie with a credit score 780

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person, or a financial institution that lends money, and in return charges interest?

Borrower

Lender

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