Chapter 3 Vocabulary
Authored by Mr. Lane
Mathematics
12th Grade
CCSS covered
Used 10+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the definition of credit?
The ability to save money for future use.
The ability to borrow money with the agreement to pay later.
The ability to lend money to others.
The ability to invest money in stocks.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does a credit score represent?
A person's annual income.
A person’s creditworthiness based on their credit history.
The total amount of debt a person has.
The number of credit cards a person owns.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a credit report?
A summary of a person's monthly expenses.
A detailed report of an individual’s credit history.
A list of all the loans a person has taken.
A report on a person's employment history.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a credit limit?
The minimum amount you can borrow.
The maximum amount of credit you can owe at any time.
The average amount of credit used by a person.
The total amount of credit available in the market.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who are creditors?
People who borrow money from banks.
Companies or people who give you credit.
Financial advisors who manage your credit.
Individuals who invest in the stock market.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does APR stand for?
Annual Payment Rate.
Annual Percentage Rate.
Annual Profit Rate.
Annual Principal Rate.
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is MPR?
Monthly Payment Rate.
Monthly Percentage Rate.
Monthly Profit Rate.
Monthly Principal Rate.
Tags
CCSS.HSS.MD.B.5
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