
2.1 Credit Basics

Quiz
•
others
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12th Grade
•
Hard
Jillian Lawson
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A report of someone's credit history
A snapshot of someone's bank account balance
A summary of someone's annual income
A document showing someone's tax payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They lend money to individuals and businesses to boost the economy.
They manage personal bank accounts and transactions.
They offer investment advice to consumers.
They keep track credit histories and provide credit scores to lenders.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit utilization refers to the number of credit accounts a person has.
Credit utilization is the percentage of available credit that is currently being used.
Credit utilization is the total amount of debt owed.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Starting earlier gives longer credit history benefiting your credit score.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Good debt will grow in value over time; bad debt will not grow in value.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit Karma, Expertise, Transactions
Dun & Bradstreet, Bearstop, Lawson LLC
FICO, Creditcon, Scoresheet
9.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a credit score?
a three-digit score that tells lenders how much money you make each year.
A five-digit numerical rating that reflects how likely you are to repay your debt.
A three-digit numerical rating that reflects how likely you are to repay your debt.
A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts
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