3 C's of Credit - Review
Authored by Amy Beetstra
Business
11th - 12th Grade
Used 8+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This "C" references your financial responsibility. Questions will be related to payment history, employment, and type of credit you've had in past.
Character
Capacity
Capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This "C" indicates your ability to repay a loan. Current income and debt will be taken into consideration.
Collateral
Capacity
Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 3rd "C" is Capital and takes into consideration the value of current assets and collateral.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do you own your own home is a question of...
Character
Capacity
Capital (collateral)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long have you lived in your home?
Character
Capacity
Capital (collateral)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is your spouse employed?
Character
Capacity
Capital (collateral)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is your annual household income?
Character
Capacity
Capital (collateral)
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