Credit Review

Credit Review

10th Grade

30 Qs

quiz-placeholder

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Credit Review

Credit Review

Assessment

Quiz

Financial Education

10th Grade

Practice Problem

Hard

Created by

Heather Kontos

Used 10+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The more credit cards I have, the higher my credit score will be.

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

All credit cards charge an annual fee and offer rewards.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The minimum age to be added as an authorized user on a credit card is 18.

True

False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these is NOT one of the C's of credit?

Character

Credit Score

Capacity

Collateral

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How do banks make money off of the credit they issue?

The charge a large, one-time fee at the start of the loan.

They take out a small fee each month from your bank account.

They charge interest that is factored into the monthly payment.

This is a trick question - they don't make money!

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which of the following is an example of an installment loan? (More than one answer is correct)

Mortgage

Auto Loan

Credit Card

Debit Card

7.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which of the following could be a SECURED loan? (There is more than one correct answer!)

Auto Loan

Student Loan

Mortgage

Payday Loan

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