Credit Quiz
Authored by Stefan Jenczewski
Other
12th Grade
Used 25+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the ability to borrow money with the promise to pay it back later called?
dividends
credit
insurance
interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a secured loan?
Student loan
New car loan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT one of the 3 large credit reporting agencies?
Experian
Equifax
Transunion
Merck
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is a DISADVANTAGE of using debit cards, electronic transfers, and ATM cards?
Evaluate responses using AI:
OFF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest earned or charged on interest is called...
simple interest
compound interest
interest rate
inflation rate
6.
OPEN ENDED QUESTION
3 mins • 1 pt
The cost to use someone else's money for a period of time is called the.....?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which loan has fixed payments that are the same each month?
a closed ended loan
an open ended loan
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