Quiz Project

Quiz Project

12th Grade

15 Qs

quiz-placeholder

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Quiz Project

Quiz Project

Assessment

Quiz

Fun

12th Grade

Practice Problem

Hard

Created by

Kendric Brown

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will likely affect the total amount of interest you will end up paying on a home loan?

How many other homes in your neighborhood are also for sale

Your credit score

The median cost of homes in your neighborhood

The type of car you drive

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are types of credit cards?

Store or limited purpose card

Charge cards (or Travel and Entertainment cards)

Gift cards

General purpose credit card

Prepaid card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the interest rate is high

  • You will pay less in total

  • Interest does not effect how much you pay

  • You will pay more in total

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the scale for minimum to maximum possible credit scores?

  • 300 - 850

  • 300 - 1000

  • 0 - 100

  • 850 - 1000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are credit scores used for?

  • To give lenders an idea of how much money you have in your bank accounts

  • To give colleges an idea of how you performed academically in high school

  • To give lenders an idea of how likely you are to pay your debts to determine the types of loans you can get

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT used as a determining factor for whether you are approved for credit?

  • Credit History

  • Credit Mix

  • Debt

  • Income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All businesses must comply with the law except banks, small loan and finance companies, retail and department stores, credit card companies and credit unions.

True

False

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