PF Chapter 7

PF Chapter 7

9th - 12th Grade

•

40 Qs

quiz-placeholder

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PF Chapter 7

PF Chapter 7

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Easy

Created by

Tyler Kraus

Used 14+ times

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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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