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Credit/Banking Test

Authored by Breann Pannier

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12th Grade

Used 5+ times

Credit/Banking Test
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the ability to borrow money or acess goods or services with the understanding that you WILL pay later?

Report
Debit
Debt
Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Banks, credit unions, credit card issuers and other creditors HAVE to report your borrowing and repayment information to the credit bureaus.

True
False

3.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

Which of the following credit bureaus complies your credit reports: (select all that apply)

Experian
TransUnion
Equifax
Carfax

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Your credit report doesn't have to include the number of credit card accounts you have.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Credit reports have the credit card borrowing limits and current outstanding balances.

True
False

6.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

Credit Reports include the following information: (select all that apply)

Amount of any loans you've taken out and how much of them you've paid back
Your monthly payments for your accounts were made on time, late, or missed altogether
Financial setbacks like mortgage foreclosures, car repossessions, and bankruptcies
Credit card borrowing limits and current outstanding balances

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An Excellent credit score is:

350-579
800 +
740-799
670-739

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