Introduction to Credit (Intro)

Introduction to Credit (Intro)

9th - 12th Grade

25 Qs

quiz-placeholder

Similar activities

PERENCANAAN BISNIS KE-1

PERENCANAAN BISNIS KE-1

10th Grade

20 Qs

business 1.4 revision

business 1.4 revision

KG - Professional Development

20 Qs

Chapter 2 Legal Terminology

Chapter 2 Legal Terminology

11th Grade - University

20 Qs

POBF Money Matters 6.02

POBF Money Matters 6.02

9th - 12th Grade

20 Qs

Change Management

Change Management

12th Grade

20 Qs

EMTECH Color Psychology in Marketing

EMTECH Color Psychology in Marketing

11th - 12th Grade

20 Qs

BE Unit 5 5.03/04 Test

BE Unit 5 5.03/04 Test

9th - 12th Grade

20 Qs

Edexcel Business - Grade 9

Edexcel Business - Grade 9

9th Grade

20 Qs

Introduction to Credit (Intro)

Introduction to Credit (Intro)

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Cory Brace

Used 66+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When using credit, the purchase amount becomes what once the payment agreement is made?

Mortgage

Loan

Debt

IOU

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit is free

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit allows for purchases without cash.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit agreements are not legally binding.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lenders do not check a person’s likelihood to repay before accepting a credit agreement.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An annual fee is an amount paid to you by the credit card company for using their service each year.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A grace period is a free period which allows you to avoid finance charges by paying your balance in full before the due date.

True

False

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?