Mastering Credit 104

Mastering Credit 104

Professional Development

15 Qs

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Mastering Credit 104

Mastering Credit 104

Assessment

Interactive Video

Business

Professional Development

Practice Problem

Easy

Created by

Tayvon Carr

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of the video?

How to raise your credit score quickly

How to invest in stocks

How to save money on groceries

How to start a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of the DIY program mentioned in the video?

Limitless Culture

Credit Boost

Credit Master

Score Up

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main factor discussed in the video that affects your credit score?

New credit accounts

Credit history length

Credit utilization

Credit inquiries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the average credit utilization in the United States in 2021?

26%

35%

30%

20%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Americans do not carry a balance and report zero utilization?

10%

5%

3%

1%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do to avoid paying interest fees on your credit card?

Pay off your credit card in full by the due date

Only use your credit card for large purchases

Keep your credit card balance below 50%

Use multiple credit cards

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if you carry a balance on your credit card past the statement closing date?

You get a higher credit limit

You incur interest fees

Your credit score increases

You receive a reward

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