Finance student questions

Credit Scores range from 300 to

850

• True

• False

Which of the following does a

credit score mainly indicate?

• Knowledge of consumer credit

• Attitude toward consumer credit

• amount of consumer debt

• risk of not repaying the loan

Does each consumer have just one credit score?

• Yes

• No

How can you increase credit score?

• check credit score

• pay bills after the due date

• Pay bills on time and in full

What is a credit score?

• a loan

• a scale that explains if you are a responsible consumer

• it allows you to repay a lender

What is an emergency fund?

• Money that banks owns

• Money in your account

• money for unexpected expenses

Where is the best place to put your emergency fund?

• in an seperate account or location

• in your parent's wallet

• with your other money

What is a budget?

• A credit limit

• saving money

• an organized plan for spending

How do you increase your credit score?

• Spend all your money

• pay bills on time

• use your debit card

What is an ROI?

• running on ice

• run on islands

• reverse or inward

• return of investment