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Chapter 3 Credit- So far

Business

10th - 12th Grade

Used 27+ times

Chapter 3 Credit- So far
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18 questions

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1.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

What are the 5 C's of Credit

Character

Capital

Collateral

Capacity

Conditions

Character

Capital

Credit

Conscience

Cosigner

Credit

Collateral

Christen

Collateral

Concise

2.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

When applying for credit, is it preferable to receive a low interest rate or a high interest rate?

Low

High

3.

FILL IN THE BLANK QUESTION

0 sec • 1 pt

Your credit score is called your _______ score.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False.   30 day late payments will not hurt your credit score.

True

False

5.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

Which one of these things can really help improve your credit score?

Apply for a bunch of different credit cards at once.

Use your debit card wisely

Request a free copy of your credit report

Pay your bills on or before the due date.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you pay off your credit card balance in full each month, does this make your credit score go up or down?

Up

Down

7.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

How many days late do you need to be on a payment before it affects your credit score?

1

15

30

21

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