Money 101, Unit 4: Credit

Money 101, Unit 4: Credit

8th Grade

25 Qs

quiz-placeholder

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Money 101, Unit 4: Credit

Money 101, Unit 4: Credit

Assessment

Quiz

Other

8th Grade

Practice Problem

Easy

Created by

Alex Sparks

Used 1+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owing someone something (like money) is known as what?

Credit

Debt

Debit

Savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt is...

Always good

Always bad

Sometimes bad, but a normal part of life

Not real

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With savings accounts interest was ___; with credit cards / loans, interest is ___

Good; Bad

Bad; Good

Good; Good

Bad; Bad

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you do not pay the full balance of your credit card, you may be charged

An overdraft fee

A one time fee

Interest

Savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you make your credit card payment late, you may be charged what?

Interest

Late fees in addition to the interest charge

Savings

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of card is for borrowing money and repaying it a later date?

Credit Card

Debit Card

Both

Neither

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of card takes money directly from your checking account?

Credit Card

Debit Card

Both

Neither

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