Review

Review

12th Grade

25 Qs

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Credit and Loans Quiz

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Review

Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Tyler Hafner

Used 7+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some things to look at while searching for credit cards?

Look for a credit card that offers rewards

Look for a credit card that has a low APR


Look for a credit card that has a low annual fee


All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Austin’s credit card company allows him 25 days after he receives his statement to pay off his balance. What is the 25 days known as?

Break Period

Grace Period

Block Period

False Period

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the typical length someone leases a car for?


2 – 3 years


3 – 4 years

4 – 5 years

4 – 6 years

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sam told his car salesman that he has the lowest credit score someone can have. What is his credit score?

300

250

400

325

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt


What type of person transfers credit card balances from one card onto another?


Revolver

Card Hacker

Deadbeat

Balancer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When Roman spends money on his Best Buy credit card he receives money for every $10 he spends. What is another word for the money Roman is receiving?

Rebate

Rewards

Incentives

Cash Allowance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a form of credit?

Home Equity Loan

Cash

Car Loan

Personal Loan

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