Define Credit.

3-1 Intro to Consumer Credit

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium

Anonymous Anonymous
Used 13+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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