
Consumer Credit Review
Authored by Jacqueline Raymer
Mathematics
11th Grade
CCSS covered
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What may NOT impact the interest rate on your loans?
Your relationship with the financial institution
Your credit score
The loan amount
Your level of education
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A mortgage is:
A way to buy a car
A way to pay for Netflix
A way to buy a house
A way to pay for school debt
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Rent is due next week and i don't get paid until the week after. What is the best option that will cost you the least amount of interest?
Borrow money from friend/family in the short term and then pay it back, no interest to pay.
Take a PayDay loan with a very high interest rate that i can't afford to pay back.
Don't pay it.
Take a cash advance from my credit card, with an interest rate of 11.9% on all withdrawals.
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is your job as a borrower?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of credit is a credit card?
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