Unit 6: Credit and Loans

Unit 6: Credit and Loans

9th - 12th Grade

20 Qs

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Unit 6: Credit and Loans

Unit 6: Credit and Loans

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Shea Driggers

Used 31+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following credit scores is a normal credit score?

400

500

650

775

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is defaulting?

Failing to pay debts

Opening too many credit accounts

Getting a low credit score

Building a credit history

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a part of applying for a loan?

Verifying your income

Negotiating an interest rate

Signing up for a credit card

Completing a means exam

4.

OPEN ENDED QUESTION

3 mins • Ungraded

Name at least one of the steps in establishing credit.

Evaluate responses using AI:

OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not part of the process of establishing credit?

Opening a bank account

Getting a credit card

Taking out a loan

Using a credit card regularly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a credit counselor do?

Co-signs a loan with you

Helps you make a plan to resolve financial issues

Convinces your creditors to reduce your debt

Collects debts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is collateral?

A finance charge

A specific type of home loan

An asset or group of assets that are linked to a loan

A down payment

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