Financial literacy

Which are the principal businesses that monitor your credit history.

• Equifax

• Experian

• TransUnion

• all of the above

• none

Answer explanation

The three major credit reporting bureaus in the United States are Equifax, Experian, and TransUnion. They compile credit reports on individuals, which they sell to prospective lenders and others. The three bureaus can have somewhat different information in their reports, depending on which creditors provide it to them.

A ______ _______ is an interest-bearing savings account at a bank or other financial institution.

A ____ _______ is usually the first financial account you open.

What does APR stand for?

• Annual Progress Report

• Annual Percentage Rate

• Advanced Password Recovery

• Annual Program Review

A ________ _______ is also a savings account at a bank or other financial institution where you can make deposits and withdrawals

What is credit?

• Credit is a relationship between a borrower and a lender.

• Credit is extra money the government gives you for free.

• Credit gives you the ability to borrow money and never have to pay back.

what is investing?

• investing is saving money and putting it away for other times.

• investing means putting your money or other resources toward something you expect to earn income, turn a profit or create some other positive benefit.

• Investing is spending money on something you think is worth it.

pick the Labels of the credit score chart in order

• very poor, poor, good, fair, excellent

• very poor, poor, fair, good, excellent

• poor, good, very poor, excellent, fair