
Chapter 4 Test
Quiz
•
Financial Education
•
12th Grade
•
Hard
Ben Rice
FREE Resource
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36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that credit card commercials don't show you is . . .
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a homeowner takes out a home equity line of credit (HELOC), that loan can only be used for home repairs and renovations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks and lenders use credit scores to determine . . .
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making purchases with a credit card means that you're borrowing money with interest, and _____________ pay much higher interest rates.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you finance a new car, you will end up paying more than the sticker price.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While it may not always appear so, the majority of Americans live paycheck to paycheck.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your greatest tool to building wealth is ________________.
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