
PF Chapter 7
Quiz
•
Business
•
9th - 12th Grade
•
Easy
Tyler Kraus
Used 14+ times
FREE Resource
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40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The average American has almost $5,000 in credit card debt.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit is the most commonly used method of payment in the U.S.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the 1990's, many people declared bankruptcy due to overuse of credit cards.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Overtime, credit changed from being used rarely to pay for emergencies to being part of daily life for many Americans today.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person that borrows money from others is a
creditor
debtor
lender
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three main qualifications for getting credit?
Age, Gender, Income
Age, Financial Position, Collateral
Income, Financial Position, Collateral
Income, Location, Collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property pledged to assure repayment of a loan
Capital
Collateral
Credit
Finance Charge
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