
Credit Knowledge Quiz
Authored by Richie HS]
Business
12th Grade
Used 3+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is credit?
Buying something and paying immediately
Borrowing money and promising to pay later
Earning money through investments
Saving money in a bank account
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Before giving someone credit, what do lenders do?
Check the person's bank balance
Determine the person's credit risk
Offer a loan without any checks
Ask for a personal reference
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does a good credit rating allow a borrower to do?
Borrow less money
Borrow money at a higher interest rate
Borrow money cheaper and more easily
Avoid paying back loans
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Besides borrowing money, what are two other reasons why a good credit rating is important?
It helps in getting a job and buying groceries
It is used by landlords and car insurance companies
It allows for tax deductions and free travel
It provides discounts on utilities and phone bills
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens when your credit points are added up?
They are converted into a credit limit
They are converted into a rating
They are used to calculate taxes
They are used to determine your salary
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of a credit rating?
To determine your age
To measure your credit risk
To calculate your monthly expenses
To assess your educational qualifications
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the five areas that are measured and determine a person’s credit score?
Payment history, how much you owe, length of credit history, new credit, types of credit
Income, savings, investments, expenses, debts
Employment history, education, age, location, income
Spending habits, savings, debts, income, expenses
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
BizInnovator Startup - What's Your Problem
Quiz
•
9th - 12th Grade
15 questions
Sources of Finance A level Business Edexcel
Quiz
•
12th Grade
20 questions
Spanish Quiz
Quiz
•
3rd - 12th Grade
10 questions
Marketing Functions
Quiz
•
9th - 12th Grade
20 questions
Understanding Insurance Vocabulary
Quiz
•
9th - 12th Grade
20 questions
Introduction to Financial Management
Quiz
•
12th Grade
15 questions
Start-Up Financing Quiz
Quiz
•
12th Grade
15 questions
Consumer Protection Quiz A
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Business
13 questions
BizInnovator Startup - Experience and Overview
Quiz
•
9th - 12th Grade
10 questions
Understanding Stock Market Investing
Interactive video
•
9th - 12th Grade
12 questions
Time Management Lesson
Lesson
•
1st - 12th Grade
20 questions
Review for Business Essentials 2.05
Quiz
•
9th - 12th Grade