Exit Ticket 4/19/2023

Borrowed money from a financial institution, car dealership, etc.

• Liability

• Loan

• MSRP

• Blue Book

Which Credit score is poor?

• 850

• 750

• 650

• 550

Who would be most likely to receive the loan?

• Ruben who has a credit score of 700

• Carlos who has a credit score of 690

• Aleida who has a credit score of 710

What is the money called you have to pay in addition to the lender to the loan?

• extra fees

• finances

• car loan

• interest

What does MSRP Stand for?

• manufacturer's suggested retail price

• manufacturer's served retail price

• manufacturer's suggested renter price

• Man's suggested retail price

Which one DOES NOT make up your credit score?

• Length of Credit History

• Amount Owed

• Amount in your checking account

• Payment History

If someone has an average credit score and wants to buy a $129,999 car. They trade in their old car for $7,345 and put a down payment of $5,000. If they want to pay it off in 4 years, how much in interest will they end up paying?

• $170,715

• $41,751

• $128,964

• $3,557

When do you start building your credit?

• When you turn 18

• When you buy your first house

• When you buy your first car

• When you get a credit card

What should you have done by the end of class? (Select all that apply)

• Reflection

• Poster

• Comparison

• Introduction

When is the last day of school?

• 5/29

• 5/26

• 5/27

• 5/25