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Final Exam Banking Part A (credit)

Authored by Renee Allen

Business

11th - 12th Grade

Used 1+ times

Final Exam Banking Part A  (credit)
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38 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is a way to make sure you pay your bills on time?

Direct deposit
Automatic payments
Checking account
Savings account

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What can cause a high interest rate?

A high credit score
A low credit score
An average credit score
Paying your bills early

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the average range of credit scores?

100-1,000
1-10
300-850
100-750

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is something that can hurt or damage your credit score?

Paying your students loans off one year early
Paying off your car one year early
Taking out loans you are unable to pay back on time
Opening up a credit card at a store you shop at frequently

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

True or False: Once your credit score goes down, it can never go back up.

True
False

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

More useful when you are short on cash in an emergency.

Debit card
Credit card
Both

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which is the best way to establish a good credit rating?

pay cash for all expenses

close all savings accounts

always pay bills on time

spend as much as possible

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