Credit
Quiz
•
Professional Development, Life Skills
•
10th - 12th Grade
•
Medium
ROBYN ANDERSON
Used 11+ times
FREE Resource
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32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Credit is paying for goods now but receiving them later.
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Credit is also called "tomorrow's money."
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It's ok to borrow more than you can comfortably afford.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Items end up costing more when you use credit.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is a type of revolving credit?
Mortgage Loan
Car Loan
Credit Card
Checking Account
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A secured loan does not require collateral.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan should you avoid?
Payday Loan
Pawn Shop Loan
Cash Advances
All of the above
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