Chapter 4 Review

Chapter 4 Review

12th Grade

24 Qs

quiz-placeholder

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Chapter 4 Review

Chapter 4 Review

Assessment

Quiz

Business

12th Grade

Easy

Created by

Andrew Trewin

Used 12+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something that credit card commercials don't show you is . . .

A. People making payments for months or years on those credit card purchases

B. How much your credit score will grow right away

C. How happy your parents will be that they don't have to lend you cash anymore

D. How great your life will be with payments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a homeowner takes out a home equity line of credit (HELOC), that loan can only be used for home repairs and renovations.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks and lenders use credit scores to determine . . .

A. The likelihood that someone is able to repay debt

B. A person's financial responsibility

C. How much collateral someone has available to put up for a loan

D. How successful someone is

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What group of people pays the highest amount of interest?

A. Young people

B. Rich People

C. Old People

D. College Grads

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you finance a new car, you will end up paying more than the sticker price.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

While it may not always appear so, the majority of Americans live paycheck to paycheck.

False
True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is your greatest wealth-building tool?

Income

Taxes

Expenses

Credit score

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