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Credit

Authored by Joel Caputo

Business

10th Grade

Used 302+ times

Credit
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the lowest possible credit score?

0

300

350

550

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the highest possible credit score?

750

800

700

850

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does APR stand for?

Annual Percentage Rate

Average Percentage Rate

Annual Payment Record

Average Payment Recieved

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is an individual's APR decided?

Everyone has the same.

How much money you make.

How much money you spend.

Your credit score and history.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you build credit as a high school student?

Open a checking account.

Invest in the stock market.

Become an authorized user on a parent/guardian's card.

Take out a car loan.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are ways to build credit except...

Invest in the stock market.

Pay all bills on time.

Make full payments on debts.

Establishing a steady work record.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Cards...

Are tied to your checking account.

Must be paid back 24 hours after use.

Are paid back at the end of a billing cycle.

Are paid back exactly one week after use.

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