What is credit?
Credit Cards Part 1

Quiz
•
Geography
•
6th Grade
•
Easy
Rex Batie
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A permanent transaction
Free money
Borrowing money, goods, and services to be paid back later
A gift
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if you don't pay back credit on time?
You get a reward
You have to pay more than you originally borrowed
Nothing happens
The debt is forgiven
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principal?
The interest charged
The total amount of money borrowed
A school administrator
The original amount borrowed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest?
A type of credit card
The principal amount
A charge for borrowing money
A reward for paying back on time
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can affect your ability to borrow money?
Your favorite color
Your shoe size
Your credit report and score
The type of phone you have
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit report?
A list of your favorite movies
A medical record
A summary of your financial status and history
A report card from school
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two most common types of credit?
Gift cards and coupons
Credit cards and loans
Savings and investments
Cash and checks
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