Credit and Debt
Authored by Dani Boepple
Financial Education
8th Grade
Used 12+ times
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13 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A (a) score is a number that represents your creditworthiness.
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
When you borrow money, the amount you owe is called (a) .
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) is the fee you pay for borrowing money, usually a percentage of the amount borrowed.
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
It's important to make your monthly payments on (a) to avoid penalties and late fees.
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The maximum amount you can borrow on a credit card is called the credit (a) .
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the fee charged for borrowing money?
Principal
Interest
Equity
Balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can negatively impact your credit score?
Paying bills on time
High credit card balances
Having a variety of credit types
Low credit utilization
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