
Consumer Credit
Authored by Tonya Achenbach
Mathematics
11th Grade
CCSS covered
Used 20+ times

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30 questions
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1.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the two ways in which goods and services can be purchased?
Buy Now, Pay Now
Buy Now, Pay Later
Buy Now, Pay Never
Buy Now, Pay Sometimes
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The examples (from our notes) of purchasing something on credit are:
Electricity, credit cards, vehicle or house loans
gum, jawbreaker, soda
milk, eggs, bread
dogs, cats, rabbits
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit Card Fun Fact: There are more than 1.5 billion credit cards in the United States.
False
Maybe
Possibly
True
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit Card Fun Fact: The typical American household receives about 15 credit card offers per month.
False
Maybe
Possibly
True
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit Card Fun Fact: There are more than 500,000 credit card transactions around the world every second.
False
Maybe
Possibly
True
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an advantage of using credit?
Shop without carrying large amounts of cash
Tendency to overspend
Credit is based on honesty
High interest rates
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an advantage of using credit?
Credit is based on honesty
Tendency to overspend
Don't have to wait until you can pay in full to purchase something
High interest rates
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