Credit Management Test Review
Quiz
•
Education
•
12th Grade
•
Medium

YShakaa Durham
Used 46+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the use of someone else's money, borrowed now with the agreement to pay it back later.
Debit
Credit
Collateral
Capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Between 1920 and 1990, buying on _______ became the American way of life.
Cash
Debit
Capital
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___________ is a person who borrows money from others.
creditor
Loaner
Lender
Debtor
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _________ is a person or business that loans money to others.
creditor
debtor
capital
collateral
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To qualify for credit, you must have the ability to repay the loan. Qualifications are based on
income, capital, cars
income, capital, collateral
cars, capital, collateral
income, cars, collateral
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two disadvantages of credit are
deferred billing, buying now
emergency fund, purchasing power today
paying finance charges, overspending
buying now, emergency fund
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your credit __________ is the complete record of your borrowing and repayment performance.
files
history
card
account
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