Credit, Credit Cards, and Car Loans

Credit, Credit Cards, and Car Loans

9th Grade

20 Qs

quiz-placeholder

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Credit, Credit Cards, and Car Loans

Credit, Credit Cards, and Car Loans

Assessment

Quiz

Other, Life Skills

9th Grade

Medium

Created by

Christopher Hennessy

Used 206+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

What is debt?

Another word for death

Something, typically money, that is owed or due

A loan on which you do not have to pay interest

That which is incurred during childhood and consummated in college

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

What is a credit score?

a number between 300 and 850 representing your creditworthiness

a statistical number that evaluates a consumer's creditworthiness and is based on credit history.

Often referred to as a FICO score

All of the above

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

What is a credit report?

A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness

A detailed report of a bank's credit history prepared by a credit expert and used by consumers in determining a bank's creditworthiness

A report which shows which credit cards are better than others

A report invented by Allan Greenspan and credited to Al Gore

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

When I apply to borrow money for a car, the loan company will most likely look at my credit history.
True
False

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

My landlord can report my failure to pay rent to a credit reporting agency.
True
False

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

I should review my credit report for errors.
True
False

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A credit report contains my personal information such as my address and social security.
True
False

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