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Budget/Credit Test Review

Authored by Lisa Guenther

Social Studies

10th - 12th Grade

Used 1+ times

Budget/Credit Test Review
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What two factors influence FICO scores the most?

payment history and total debt

payment history and new credit

total debt and types of debt

total debt and new credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has a higher credit score? Young people or those who are older?

younger

older

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Older adults typically have higher credit because of what factor:

types of credit

total debt

payment history

new credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit utilization should be less than 30% If a person has a credit limit of $2,000 what should be the maximum they should charge on the card to avoid going over their utilization limit?

$200

$400

$600

$800

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a section on a credit report?

Employment History

Credit History

Public Records

Credit Inquiries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you make small payments on your college loan while you are in college, which factor of your FICO score are you helping the most?

payment history

new credit

types of credit

total debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will not check your credit score?

bank

insurance company

college

cell phone provider

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