Chapter 6 Credit

Chapter 6 Credit

12th Grade

15 Qs

quiz-placeholder

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Chapter 6 Credit

Chapter 6 Credit

Assessment

Quiz

History

12th Grade

Practice Problem

Easy

Created by

TINO DIAZ

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

credit is

an arrangement to receive cash, goods, or services NOW and pay for them LATER

number that represents how good you are at paying money back

plastic payment card connected to a credit bank account

plastic payment card connected to a debit bank account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

credit score is

plastic payment card connected to a credit bank account

plastic payment card connected to a debit bank account

an arrangement to receive cash, goods, or services NOW and pay for them LATER

number that represents how good you are at paying money back

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a credit card is

number that represents how good you are at paying money back

an arrangement to receive cash, goods, or services NOW and pay for them LATER

plastic payment card connected to a credit bank account

plastic payment card connected to a debit bank account

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is an example of a good that you can pay for using credit?

furniture

car

house

food

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are things to consider before buying with credit?

Do I have enough money to pay the down payment?

Would I rather use my savings?

Does this purchase fit my budget?

Did I do my taxes?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT an advantage of using credit?

enjoy goods NOW instead of LATER

potential increase of credit score

alternative to pay for emergencies

temptation to overspend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of using credit?

enjoy goods NOW, instead of LATER

potential increase of credit score

alternative to pay for emergencies

decrease future spending money

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