Credit Exam Practice

Credit Exam Practice

12th Grade

•

55 Qs

quiz-placeholder

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Credit Exam Practice

Credit Exam Practice

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Easy

Created by

sharon landgraf

Used 3+ times

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55 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the ability to understand and make use of a variety of financial skills, including personal money management, budgeting and invessting is known as...

Economics

The Market

Financial Literacy

Bull Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is debt?

Money that you have in the bank

Money that is owed

Money that you get from work

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does negative information, like a bankruptcy, typically last on your credit report?

1-3 years

4-5 Years

7-10 Years

11-13 Years

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are ____ major credit reporting bureaus that lenders will use to check your credit report and credit score.

2

3

4

5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you are 18, you can join CreditKarma for which of the following reasons?

To check your credit score

To see suggestions for improving your credit

To view negative information on your credit report

To view reported balances on your accounts

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your credit report can be viewed before you turn 18 by going to which of the following?

www.annualcreditreport.com

www.mycreditscore.com

www.debtconsolidation.com

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following have the ability to check up on how you spend your money and pay your bills ?

banks and credit card companies

insurance providers

landlords

potential employers

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