Introduction to Credit
Interactive Video
•
Mathematics
•
8th Grade
•
Practice Problem
•
Medium
Standards-aligned
Yi Chi Wu
Used 6+ times
FREE Resource
Standards-aligned
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does credit primarily involve?
Investing in stocks and bonds
Exchanging goods without monetary transactions
Borrowing resources to be paid back later.
Saving money for future use
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 'principal' in terms of credit?
The interest rate applied to the borrowed amount
A penalty fee for late repayment
The initial amount of money borrowed.
The total amount of money borrowed including interest
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might interest be charged on borrowed money?
As a reward for timely repayment
To cover administrative costs only
As a charge for borrowing or for late repayment.
To decrease the total amount owed over time
Tags
CCSS.HSN.RN.B.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit report used for?
To record personal identification information
To track the borrower's financial history and reliability.
To register the borrower's employment history
To list the borrower's personal assets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two most common types of credit discussed?
Car loans and credit cards
Student loans and payday loans
Credit cards and loans.
Mortgages and personal loans
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
