Money Money Money

What is debt?

• Another word for death

• Something, typically money, that is owed or due

• A loan on which you do not have to pay interest

• That which is incurred during childhood and consummated in college

Tags

CCSS.L.8.5A

What is a credit score?

• a number between 300 and 850 representing your creditworthiness

• a statistical number that evaluates a consumer's trustworthiness and is based on credit history.

• The higher it is, the better your credit is

• All of the above

What is an interest rate?

• it is your level of interest about a certain topic expressed as a percentage of your total interest

• The amount in terms of dollars that you have to pay back on a purchase

• it is the rate at which your interest in something expires. The higher the number, the quicker your interest expires

• The amount in terms of a rate or percentage that you have to pay back on an amount borrowed

Tags

CCSS.7.RP.A.3

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

• True
• False

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Your credit score is not configured off of which of the following:

• Payment history

• Amount of money owed

• Grades in School

• Length of credit history

Which is an excellent credit score?

• 672

• 555

• 713

• 813

Paying my bills late could negatively affect my credit history.

• True

• False

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

a number assigned to a person that indicates to lenders their capacity to repay a loan.

• Credit score

• Credit report

• Credit history

• Credit bureau

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

The credit score ranges form 

• 300-800
• 250-950
• 350-900
• 300-850

Tags

CCSS.4.OA.B.4

The least amount that must be paid on a credit card each month is

• Late Fee
• Credit Limit
• Payment amount
• Minimum Payment

Tags

CCSS.7.RP.A.3