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Credit

Authored by ROBYN ANDERSON

Professional Development, Life Skills

10th - 12th Grade

Used 11+ times

Credit
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32 questions

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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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