3-1 Intro to Consumer Credit

3-1 Intro to Consumer Credit

9th - 12th Grade

20 Qs

quiz-placeholder

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3-1 Intro to Consumer Credit

3-1 Intro to Consumer Credit

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

Created by

Junius Roberts

Used 13+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Credit.

When you pay for something you purchase that day

When you purchase something and don't pay for it right away

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Creditor.

Organizations or individuals that extend credit to consumers

Someone sneaky that ruins your credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Assets

Everything you own. Car, house, etc..

The people in your life

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Earning Power

The amount of money you make in a year

Your ability to earn money now and in the future

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Credit Rating?

A count of the amount of credit cards you have

Your credit "report card"

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The FICO scale ranges from

300 to 850

79 to 900

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Installment Plan

Paying for something over a period of time

The plan to install something new

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