Credit

Credit

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21 Qs

quiz-placeholder

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Credit

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Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Christen Sanders

Used 46+ times

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21 questions

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1.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

An open-ended credit agreement that offers alternative payment arrangements is a(n)

2.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

An individual is considered a(n)_____ if their credit score is high and is most likely to pay back their debts.

3.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Loan against the available credit on an individual's account is a(n) _________.

4.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

_______ cards can generally be used around the word at the many places where they are accepted.

5.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

_____ is a policy of making loans that are unlikely to be repaid.

6.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

The purpose of credit is to serve as a(n) _____ that allows people to buy goods and services and pay for them at a later time.

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

A(n) _____ is a preapproved maximum amount that an individual can borrow.

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