Everfi Build Part 2 Growing Credit
Authored by brandi joice
Other
9th - 12th Grade
Used 11+ times
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About
This quiz focuses on credit and lending fundamentals, specifically covering cosigners, loan evaluation criteria, and responsible borrowing practices. The content is appropriate for grades 9-12, as it requires students to understand complex financial concepts and apply critical thinking to real-world scenarios involving credit decisions. Students need a solid foundation in personal finance terminology, including the three C's of credit evaluation: capacity, collateral, and character. They must understand the legal and financial responsibilities associated with cosigning, analyze the qualifications that make someone a suitable cosigner, and evaluate risk factors in lending relationships. The questions assess students' ability to distinguish between different financial concepts, apply lending criteria to practical situations, and understand the consequences of financial decisions for both borrowers and cosigners. Created by Brandi Joice, an Other subject teacher in US who teaches grade 9-12. This quiz serves as an excellent assessment tool for students studying personal finance and credit literacy, particularly those working through structured financial literacy curricula like EverFi modules. Teachers can use this quiz as a formative assessment following instruction on credit basics, cosigning responsibilities, and loan evaluation processes. It works effectively as a review activity before summative assessments, homework to reinforce classroom learning, or a warm-up activity to gauge student understanding before moving to more advanced credit topics. The scenario-based questions make this quiz particularly valuable for helping students connect theoretical knowledge to practical financial decision-making they will encounter in their adult lives. This assessment aligns with standards such as CEE.PF.5 (Using Credit) and CCSS.Math.Content.HSA-CED.A.3 for mathematical reasoning in financial contexts.
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these criteria make a person a good cosigner?
They rent an apartment
They have a steady job
They have many debts
They pay their bills late
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do lenders evaluate if a borrower or cosigner will pay them back?
Cadence, collateral, calendar
Callousness, capacity, , character
Capacity, criticism, character
Capacity, collateral, character
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct definition of capacity for potential cosigners?
The cosigner's credit history
. The cosigner's financial assets, such as a house or car
The cosigner's past record of paying on time
The cosigner's current financial situation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct definition of collateral for potential cosigners?
The cosigner's credit history
The cosigner's financial assets, such as a house or car
The cosigner's past record of paying on time
The cosigner's current financial situation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct definition of character for potential cosigners?
The cosigner's current bank balance
The cosigner's financial assets, such as a house or ca
The cosigner's past record of paying on time
The cosigner's current financial situation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct definition of a cosigner for a loan?
Someone who will pay a loan for a borrower
Someone who will promise to pay a loan if the borrower doesn't.
Someone who will pay the electric bills for a borrower
Someone who signs the loan documents
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why would a borrower get a cosigner for a loan?
They can't qualify for a loan by themselves
They need help evaluating the loan terms
. The borrower can handle the entire loan themselves
They want to open a savings account
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