Credit Cards & Personal Loans

Credit Cards & Personal Loans

University

10 Qs

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Credit Cards & Personal Loans

Credit Cards & Personal Loans

Assessment

Quiz

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which of these are the features of a credit card?

Grace Period

B.I.N.

Existing Debts

Cash Advances

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What would decrease your credit score?

High Income

Low Debt Level

Pay Bills On Time

High Debt Load

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a common benefit of using a credit card?

Rewards Points

High Interest Rates

Limited Usage

Annual Fees

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which action can help improve your credit score?

Maxing Out Credit Limits

Making Late Payments

Keeping Credit Utilization Low

Closing Old Accounts

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a potential risk of having multiple credit cards?

Increased Credit Score

Higher Debt Accumulation

More Rewards Opportunities

Better Credit History

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Features of Personal Loan

Tenure

Over Draft Protection

Liked Directly to Bank

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a key advantage of using a personal loan?

Lower Interest Rates

Unlimited Borrowing

No Repayment Required

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