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Credit and Debit

Authored by Miranda Kay

Mathematics

9th - 12th Grade

Used 13+ times

Credit and Debit
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8 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

Credit or Debit:

A small plastic card with a specific account number

Credit

Debit

Both

2.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

Credit or Debit:

This card is linked to a checking account

Credit

Debit

Both

3.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

Credit or Debit:

Purchases are subject to interest charges if the balance is not paid in full.

Credit

Debit

Both

4.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

What is a "credit score"?

How much money you need to buy something.

How much it costs to get a credit card.

A number you get once you become an adult.

How likely you are to pay back a loan on time.

5.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

The highest FICO score possible is:

20,000

1600

1000

850

6.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

"Credit Piggybacking" as a way to increase your Credit Score means:

Steal someone's identity and use their credit cards

Become an "authorized user" on someone's account

Open up many different types of credit

Use a credit card to pay off another credit card.

7.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

Your credit score is NOT based off of which of the following:

Payment history

Amount owed

Where you live

Length of credit history

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