Financial Literacy Quiz
Authored by Mya M
Life Skills
11th Grade
Used 2+ times
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41 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The 5 C's of Credit
Capacity
Credit
Capital
Collateral
Character
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 C's of Credit: Capacity
(GDSR/TDSR) can they afford pay? concerns?
(Credit Scores) Credit history, any bad debts? How long has client had credit?
Net worth, Assets and Liabilities
Available security (house or car) any assets lenders can put a lien on
Personal Factors, Job & Housing Stability & Banking Relationship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 C's of Credit: Credit
(GDSR/TDSR) can they afford pay? concerns?
(Credit Scores) Credit history, any bad debts? How long has client had credit?
Net worth, Assets and Liabilities
Available security (house or car) any assets lenders can put a lien on
Personal Factors, Job & Housing Stability & Banking Relationship
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 C's of Credit: Capital
(GDSR/TDSR) can they afford pay? concerns?
(Credit Scores) Credit history, any bad debts? How long has client had credit?
Net worth, Assets and Liabilities
Available security (house or car) any assets lenders can put a lien on
Personal Factors, Job & Housing Stability & Banking Relationship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 C's of Credit: Collateral
(GDSR/TDSR) can they afford pay? concerns?
(Credit Scores) Credit history, any bad debts? How long has client had credit?
Net worth, Assets and Liabilities
Available security (house or car) any assets lenders can put a lien on
Personal Factors, Job & Housing Stability & Banking Relationship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 5 C's of Credit: Character
(GDSR/TDSR) can they afford pay? concerns?
(Credit Scores) Credit history, any bad debts? How long has client had credit?
Net worth, Assets and Liabilities
Available security (house or car) any assets lenders can put a lien on
Personal Factors, Job & Housing Stability & Banking Relationship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit Rating (5 Parts that create your score): What makes up 35%
Ability to pay debt on time (payment history)
Credit Utilization (percentage used of available credit: only use 30%)
Length of credit (how long have you had it)
Mix of credit (vehicle loan? Line of credit? Mortgage)
Credit Inquiries (Space it out) multiple applications to something ex) vehicle loans, student loans
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