Credit Quiz 6th Grade

The ability to borrow money with the agreement to pay it back later.

• Credit Card
• Credit
• Credit Score
• Credit Karma

Debit shows businesses whether or not you're able to buy a car.

• True

• False

What is one way to increase your credit score?

• Use your Debit card to make large purchase

• Have a parent co-sign your debit card application

• Pay your credit card bill on time

• Keep a high balance on your credit card

How many credit bureaus are there?

• One

• Two

• Three

• Four

The maximum amount your allowed to spend on a credit card is called

• Debt Ceiling

• Credit Floor

• Credit Limit

• Debit Limit

Credit card statments do not show monthly transactions

• True

• False

Credit Score range is 300 to ____________.

• 800
• 875
• 785
• 850

What is a poor credit score?

• 295
• 300
• 760
• 650

Interest is money charged to use money borrowed from a company.

• True
• False

The three credit bureaus are Equifax, Experian, and

• Transamerica

• Trans Atlantic

• TransUnion

• Transformer