Personal Finance Final Exam

Personal Finance Final Exam

12th Grade

33 Qs

quiz-placeholder

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Personal Finance Final Exam

Personal Finance Final Exam

Assessment

Quiz

Business

12th Grade

Medium

Created by

Michelle Casarrubias

Used 25+ times

FREE Resource

33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the numerical range for credit scores?

350-850

300-850

350-900

300-900

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

573 credit score is ______?

Very Good

Fair

Poor

Very Poor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the names of the three credit bureaus?

Transequifax, Transiberian, Equality

Experian, Equifax, and TransUnion

Econlowdown, Everfi, Banzai

Wikileaks, Expedia, Transiberian

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many free credit reports are you entitled to each year?

One credit report, from each of the three credit bureaus.

You are not entitled to a free report.

Six credit reports, from each of the three credit bureaus.

Two credit reports, from each of the three credit bureaus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest? (In relationship to the consumer using a form of credit)

The cost you earn in interest.

The annual fee credit companies charge.

The cost of borrowing, if you do not pay your debt in full.

Consumers never pay interest when they borrow.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much should you always have left over when using a credit card?

70%

$300

Max out

30%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a disadvantage of using credit?

Carrying a balance and paying interest.

Increases a consumers debt they owe.

Safer than carrying cash.

Way too tempting; impulse buying.

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