Credit & Bankruptcy Quiz
Authored by William Cain
Business
12th Grade
DOK Level 1: Recall covered
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of credit card that offers rewards for purchases?
Secured Credit Card
Rewards Credit Card
Prepaid Credit Card
Business Credit Card
Tags
DOK Level 1: Recall
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a secured credit card?
To earn travel rewards
To build or rebuild credit
To avoid interest charges
To get cash back on purchases
Tags
DOK Level 1: Recall
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bankruptcy is known as "liquidation" bankruptcy?
Chapter 7
Chapter 11
Chapter 13
Chapter 15
Tags
DOK Level 1: Recall
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the bankruptcy process, what is the term for the legal declaration that a person cannot repay their debts?
Insolvency
Foreclosure
Bankruptcy
Liquidation
Tags
DOK Level 1: Recall
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common scam where fraudsters pretend to be from a legitimate company to steal personal information?
Phishing
Skimming
Spoofing
Vishing
Tags
DOK Level 1: Recall
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between a secured credit card and an unsecured credit card?
Secured credit cards require a security deposit
Unsecured credit cards have higher interest rates
Secured credit cards offer more rewards
Unsecured credit cards are only for businesses
Tags
DOK Level 1: Recall
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of credit card is specifically designed for business expenses?
Student Credit Card
Business Credit Card
Travel Credit Card
Secured Credit Card
Tags
DOK Level 1: Recall
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