
Unit 4 Test - Credit
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18 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
First Name
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2.
OPEN ENDED QUESTION
30 sec • Ungraded
Last Name
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3.
OPEN ENDED QUESTION
30 sec • Ungraded
Hour/Class
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4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1) What is one benefit of borrowing money from a friend or family member instead of from the bank?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2) Justin really wants to attend the 8th-grade graduation ceremony, dance, and field day, but all the tickets combined cost $75, and he doesn't have that much. Justin has no job, gets no allowance, and his birthday was just last month, so he's not expecting any gifts soon. What's a potential downside of asking his friend Kylie for a loan?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3) What is the key difference between a credit card and a debit card?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4) Craig isn't sure if he should open up a credit card account or get a bank loan. What question is MOST useful in helping him decide which financial product he should get?
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