credit

credit

10th Grade

14 Qs

quiz-placeholder

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credit

credit

Assessment

Quiz

Education

10th Grade

Practice Problem

Easy

Created by

Mark Hawkins

Used 8+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit?

a loan that does not need repaid

street cred

$ the borrower receives and agrees to pay back, with interest

an interest only repayment plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest?

money the bank doesn't pay you for keeping a savings account

the cost of borrowing money

money that is not repaid

money that goes in a checking account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you miss a credit card payment, the bank might raise your interest rate.

false

true

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A (insert your answer) is safer to carry than (insert your answer).

money clip; a credit card

small wallet or purse; a credit card

roll of dollar bills in a rubber band; a wallet

credit card; cash

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some people (insert your answer) because credit is easily available.

use bitcoin

are on the naughty list with Santa

use bank cards

overspend

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your (insert answer) is a record of your financial transactions with credit card companies.

driver's license

report card

credit history

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using a bank card or a (insert answer) means the $ is immediately withdrawn from your checking account.

gift certificate

gift card

credit card

debit card

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