PF True False Credit and Bank Test Review

Quiz
•
Life Skills
•
10th Grade
•
Medium
Annmarie Maher
Used 1+ times
FREE Resource
32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit cards help you establish a credit history
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit cards are tied directly to your checking account
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The interest rates are usually low on credit cards.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As long as you make the minimum payment on your credit card, you will not pay interest.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Late payments have the biggest impact on credit score.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bankruptcy stays on your credit report for 10 years.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having different types of credit (auto, mortgage, credit cards) helps your credit score.
True
False
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