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Credit Unit

Authored by Matthew Clark

Social Studies

11th Grade

Used 6+ times

Credit Unit
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45 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does APR stand for?

Annual Point Ratio 
Annual Percentage Rate
A Percent Rate
Annually Percentage Ratio

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The least amount that must be paid on a credit card each month is

Late Fee

Credit Limit

Payment Amount

Minimum Payment

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How can a cardholder avoid paying interest on a credit card?

Do not pay anything

Pay the minimum payment after its due date

Pay the balance in full every month

Pay the minimum balance every month

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The three major institutions that keep credit records on individuals and businesses are _____, ______, and ______.

Equifax, Experian, Trans Union
Turbo Tax, Experian, Quicken Loans
Equifax, Quicken Loans, H&R Block
H&R Block, Turbo Tax, Trans Union

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

FICO Scores are calculated from a lot of different credit data in your credit report and are scored from _____ to _____.

100 to 1600
300 to 850
1 to 36
1 to 2400

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of fee is given to a cardholder if they do not make the minimum monthly payment by the due date?

Overtime fee

Late- payment fee

Misdemeanor

Identify Theft fee

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the 3 digit creditors use to determine if you credit worthy?

Credit report

Credit measurement

Credit score

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