Credit Score Quiz

What does a credit score of 800 typically indicate?

• Poor credit

• Bad credit

• Normal credit

• Good credit

What is an asset?

• A liability that an individual or organization owes.

• Any resource owned by an individual or organization that holds economic value.

• A type of expense incurred by an individual or organization.

• A form of income received by an individual or organization.

Which of the following is an example of a tangible asset?

• Patents

• Trademarks

• Real estate

• Goodwill

Which of the following is an example of an intangible asset?

• Machinery

• Inventory

• Real estate

• Patents

Which of the following is an example of a tangible item?

• Patent

• Trademark

• Car

• Copyright

Which of the following is an example of an intangible item?

• House

• Watch

• Car

• Copyright

What is the main difference between tangible and intangible items?

• Tangible items are more valuable than intangible items.

• Tangible items can be physically touched, while intangible items cannot.

• Intangible items are more valuable than tangible items.

• Intangible items can be physically touched, while tangible items cannot.

What is the definition of "Balance" in financial terms?

• The total amount of money spent in a month.

• The amount of money available in an account, or the difference between credits and debits in financial statements.

• The total amount of money earned in a year.

• The amount of money borrowed from a bank.

In financial businesses, what does a balance in red indicate?

• Positive Balance. It’s okay!

• Negative Balance. FIX IMMEDIATELY

• Neutral Balance. No action needed

• Positive Balance. FIX IMMEDIATELY

What color is used to indicate a positive balance in financial businesses?

• Red

• Blue

• Black/Green

• Yellow