Unit 3 Intro

Unit 3 Intro

9th - 12th Grade

20 Qs

quiz-placeholder

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Unit 3 Intro

Unit 3 Intro

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Lauren Zomboracz

Used 149+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name given to someone's credit score?

Credit Number

FICO Score

FDIC Score

CS Plus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the lowest credit score you can have?

0

100

300

1000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you get your first credit card, what will your credit line/limit likely be?

It will be the highest it can be

It will be the lowest it can be

There is only one credit line offered on all cards

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following types of credit has the highest average interest rate?

Credit Cards

Mortgage

Car Loan

Student Loan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common length for a mortgage?

10 years

1 year

100 years

30 years

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to your monthly payment when your mortgage length increases?

Monthly Payment stays the same

Monthly Payment goes down but itotal nterest goes down

Monthly Payment goes down and total interest goes up

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On my 1st credit card I was told I could borrow $3,000/month. What does this amount refer to?

Credit score

Annual Percentage Rate

Credit line (or credit limit)

Extension line

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