Credit Quiz 7th Grade

Credit Quiz 7th Grade

6th - 8th Grade

16 Qs

quiz-placeholder

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Credit Quiz 7th Grade

Credit Quiz 7th Grade

Assessment

Quiz

Business

6th - 8th Grade

Practice Problem

Hard

Created by

Justin Devose

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are 5 factors that influence your credit score. Which factor has the most impact?

Credit Utilization

Payment History

New Credit

Length of Crerdit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to increase your credit score?

Use a debit card for large purchase
Maintain a high credit card balance
Pay your credit card bill on time
Open new credit accounts every two months

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Card companies make money by charging interest, which is also referred to as

Annual Return Rate

Automatic Payment Record

Annual Percentage Rate

Annual Pasta Run

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This fee is charged when a credit card is used internationally

Cash Advance Fee

Foreign Transaction Fee

Over the limit Fee

Vacation Fee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount that is set by a business on a credit card for use by the customer.

Revolving Credit
Limit
Credit
Loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card provides points/rewards for purchases?

Prepaid Debit

Gift Card

Credit Card

Debit Card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Score range is 300 to ____________.

800
875
785
850

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