Credit_RCU

What type of credit would be a credit card?

• Revolving

• Service

• Installment

What type of credit would be a mortgage?

• Revolving

• Service

• Installment

What type of credit would be an auto loan?

• Revolving

• Service

• Installment

_____credit is credit extended in the form of services, like utilities. Examples of ______credit include heat, electricity, water, phones, and similar services

• Revolving

• Service

• Installment

In the credit market, who is the supplier?

• Buyers

• Consumers

• Lenders

In the credit market, who is the demander?

• Credit card company

• Bank

• Lenders

• Borrowers

For a high school senior who is 17, what is the BEST way to build your credit?

• Get a credit card

• Get a debit card

• Become an authorized signer on a parent's credit card

For a high school senior who is 18, what is the safest way to responsibly build your credit?

• Get a credit card

• Get a debit card

• Become a co-borrower/co-signer on your parent's credit card

For your 1st credit card, where is it best to get it?

• From a retailer like Macy's

• From Walmart or Amazon

• From a financial institution

When you are 18, what do you need to have in order to get an UNSECURED credit card?

• a job

• savings from your parents

• stocks or bonds

• a letter of recommendation from your boss or teacher