Quick understanding

Quick understanding

10th Grade

9 Qs

quiz-placeholder

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Quick understanding

Quick understanding

Assessment

Quiz

Business

10th Grade

Hard

Created by

Landon King

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should check the _____________ BEFORE you get the card.

Rates
Colors
Benefits
Plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you pay at the right time, these are avoidable on credit cards.

Fees
Mailings
Benefits
Drafts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best credit cards can only be obtained after you have done what?

Established a good credit history.
Just started and do not have any bad marks.
After you have missed some payments.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can and should pay ___________ than the minimum on credit cards.

More
Less
Just
Monkeys

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Paying your bill late comes at a what?

Very high price.
Tough time.
Low Cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you max out your cards or get close to your credit limit what effect does it have on your score?

It lowers your score
It raises your score
It does nothing to your score

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens it you are rejected for credit?

The creditor will tell you why.
Nothing. You never know why.
You can be arrested for fraud.

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 C's of Credit?

Capacity / Character / Collateral
Capacity / Commerce / Collateral
Capacity / Character / Commerce

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do creditors look for when looking at your character?

Good Credit History and Personal History
Good Credit History
Good Personal History
Good Income