
Credit
Quiz
ā¢
Social Studies
ā¢
9th - 12th Grade
ā¢
Hard
Mary Cox
Used 2+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
What is debt?
Another word for death
Something, typically money, that is owed or due
A loan on which you do not have to pay interest
That which is incurred during childhood and consummated in college
2.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Revolving credit is...
a type of credit that can be used repeatedly up to a certain limit as long as the account is open and payments are made on time.
a type of credit that can be used only once up to a certain limit and must be closed immediately after all payments are due
a spinning door with money in it
a round device that holds credit cards and spins, making it easy to shuffle through all your credit cards quickly
3.
MULTIPLE SELECT QUESTION
30 sec ⢠1 pt
What is a credit score?
a number between 300 and 850 representing your creditworthiness
a statistical number that evaluates a consumer's creditworthiness and is based on credit history.
Often referred to as a FICO score
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
The cost of borrowing money is referred to as
5.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
This is a fee that some, but not all, credit card issuers charge to use their credit card.
6.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Benefits of credit cards include:
7.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Which one is considered a danger of using a credit card
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