
Budget and Credit Unit Test 10/16/2020
Authored by Deborah McMennamy
Other
9th Grade
CCSS covered
Used 10+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
48 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
an arrangement in which you receive money, good, or services now in exchange for the promise to pay later
an arrangement in which you receive goods or services in exchange for other goods or services
an arrangement in which you receive money now and pay it back later with fees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Carla has applied for a loan. Which condition makes it likely that she will get an unsecured loan?
She has a very good credit history
She is ready to pay a huge amount in interest
She is willing to put up her home as collateral for the loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lawrence got a car loan from a bank, with the car as collateral. What kind of loan did he get?
a secured loan
an unsecured loan
a fixed-rate loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year?
simple interest = P × r × t
$10.50
$30.25
$105
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay?
simple interest = P × r × t
. $800
$4,000
$10,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose that you have the option to buy an item with either cash or credit. Under which condition would you use credit?
if you don't want to pay interest
if you want to build a good credit history
if you like carrying a lot of cash on you
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these people is likely to run into problems when using a credit card?
Sheila, who often indulges in impulse buying
Kaitlin, who doesn't have a good credit history
Max, who wants to buy important things even when he doesn't have cash
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
47 questions
Social Work Chapter Test
Quiz
•
9th - 12th Grade
51 questions
Classroom Procedures Quiz
Quiz
•
9th Grade
53 questions
Kind of Law: Criminal and Civil Crimes
Quiz
•
9th Grade
48 questions
Personal Finance Unit 2 Review - Savings
Quiz
•
9th - 12th Grade
50 questions
Prelim Review (Applied Economics)
Quiz
•
1st - 10th Grade
48 questions
Introduction to the Stock Market
Quiz
•
KG - University
50 questions
SEM Unit 2
Quiz
•
9th - 12th Grade
51 questions
Occupational Prep Exam
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
10 questions
Probability Practice
Quiz
•
4th Grade
15 questions
Probability on Number LIne
Quiz
•
4th Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
6 questions
Appropriate Chromebook Usage
Lesson
•
7th Grade
10 questions
Greek Bases tele and phon
Quiz
•
6th - 8th Grade
Discover more resources for Other
15 questions
Making Inferences
Quiz
•
7th - 12th Grade
20 questions
El Verbo IR Practice
Quiz
•
9th Grade
15 questions
Graphing Inequalities
Quiz
•
7th - 9th Grade
10 questions
Cell Organelles and Their Functions
Interactive video
•
6th - 10th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
15 questions
Combine Like Terms and Distributive Property
Quiz
•
8th - 9th Grade
10 questions
Plotting Points on a Coordinate Plane: Quadrant 1 Essentials
Interactive video
•
6th - 10th Grade
20 questions
Perfect Squares and Square Roots
Quiz
•
9th Grade