Credit Vocabulary 1

Credit Vocabulary 1

12th Grade

10 Qs

quiz-placeholder

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Credit Vocabulary 1

Credit Vocabulary 1

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Stefan Jenczewski

Used 57+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Company that lends money to help people buy a car.

Auto finance company

credit card company

car manufacturer

auto repair shop

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you borrow money with a credit card at an ATM machine.

Cash withdrawal

cash advance

debit withdrawal

collateral

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written record of your past borrowing, including credit cards, car loans, mortgage, etc.

cash advance

collateral

debit card

credit history

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you borrow money and you promise something as a security in case you can't pay.

credit rating

credit history

collateral

balance owed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money you still need to pay on your credit card or other type of loan.

collateral

credit rating

balance owed

cash advance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A number that shows how CREDIT WORTHY you are.

credit score

credit card

credit history

collateral

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The annual percentage rate of interest charged to borrow money with a credit card.

APR

balance owed

cash advance

credit history

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