Credit Units Test

Credit Units Test

12th Grade

35 Qs

quiz-placeholder

Similar activities

Marketing

Marketing

8th - 12th Grade

36 Qs

Financial Decisions & Planning

Financial Decisions & Planning

10th - 12th Grade

30 Qs

Debits & Credits

Debits & Credits

10th - 12th Grade

30 Qs

S3 Business - Sectors and Stakeholders

S3 Business - Sectors and Stakeholders

12th Grade

30 Qs

INTRO BUS FALL FINAL REVIEW 1

INTRO BUS FALL FINAL REVIEW 1

9th - 12th Grade

40 Qs

Entrepreneurship 2 Pre-Assessment

Entrepreneurship 2 Pre-Assessment

12th Grade

33 Qs

Dollars & Sense 6 Weeks Test Review 1

Dollars & Sense 6 Weeks Test Review 1

9th - 12th Grade

30 Qs

Business heist

Business heist

9th Grade - University

30 Qs

Credit Units Test

Credit Units Test

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Anonymous Anonymous

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any arrangement where you get "stuff" (money, goods, services), and agree to pay for it in the future

Down Payment

Credit

Annual Fee

Co-signer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement where you are credited with a fixed amount (usually of money) for a fixed period of time, usually with interest

Principal

Secured Credit Card

Penalty Annual Purchase Rate (APR)

Loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage charged for the privilege of borrowing money

Credit Card

Credit Limit

Credit

Interest Rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount you borrow

Credit Limit

Collateral

Term

Principal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of time you have to repay your principal

Collateral

Term

Principal

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something valuable that the lender can take as payment if you can't pay back your loan (like a house or car)

Collateral

Credit Card Statement

Annual Fee

Fixed-rate loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt tied to a specific tangible asset that can be used as collateral and repossessed if payments are not made is known as:

Credit Card

Secured debt

Debit Card

Payday loan

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?