Ch. 10 Obtaining and protecting your credit quiz
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Medium
+19
Standards-aligned
Gwen Sweeney
Used 9+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An arrangement to receive cash, goods or services now and pay for them in the future is called
net income
collateral
credit
liquidity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following practices can help to protect against identity theft?
Monitoring your bank and credit card statements
mailing all bills at the post office
using a locked mailbox
all of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Installment loans typically require the borrower to make payments every
year
month
week
day
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit is advantageous because
it is costly
interest charges can add up quickly
it helps us make large purchases sooner than we could if using cash
it makes financial matters more complex
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hillary and Stephanie have both borrowed $15,000.00 from the same bank to buy the same model of a new car. Hillary's credit score is 732 and Stephanie's credit score is 588. Who is likely to pay a lower finance charge?
They will pay the same because they used the same bank
They will pay the same because they bought the same car
Hillary
Stephanie
Tags
CCSS.6.NS.C.7A
CCSS.6.NS.C.7B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit reports contain all of the following EXCEPT
bankruptcy history
medical records
records of late payments
history of default
Tags
CCSS.RL.11-12.6
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you don't have enough cash, __________ can make it possible for you to purchase things such as a house, car, or college education.
insurance
collateral
interest
credit
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
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