Credit & Debt Review
Authored by Walter Dunn
Social Studies
12th Grade
Used 66+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A measure of a person's credit risk. Banks use it to decide whether they should give out loans. Typically between 300-850
Interest
Credit Score
Credit Card
Amortization Schedule
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The original amount in a bank account OR borrowed for a loan
Interest
Principal
Term
Credit Score
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal process where people who cannot repay debts seek relief from some or all of their debts.
Mortgage
Credit Score
Unbanked
Bankruptcy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit
Gift Card
Debit Card
Credit Card
Birthday Card
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An initial payment made when something is bought on credit
Debt
Down Payment
Principal
Interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An installment loan that provides funds borrowers can use for college tuition, textbooks, or living expenses
Personal Loan
Auto Loan
Mortgage
Student Loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An obligation owed by one party to a second party
Debt
Debit
Bankruptcy
Interest
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