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What is Credit?

Authored by Christian Barber

Special Education

4th - 6th Grade

Used 6+ times

What is Credit?
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5 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the best thing you can do to keep good credit?

Repay loans on time

Don't ever borrow money

Borrow money only from friends

Pay with cash

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What do you call someone who gives you a loan?

Lender

Borrower

Institution

Reputation

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is credit?

Is your reputation around finances

Money you borrow from someone else

The interest paid on a loan

Cash you have in your pocket

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Why is it important to have good credit?

So you can buy new things with cash

So you can travel outside of Canada

So you can impress your friends

So you can be trusted to borrow money

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What can hurt your credit?

Not paying your debts back on time

Never having had a loan

Having no credit history

All of the above

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