Quiz on Building Credit for Teens

Quiz on Building Credit for Teens

10th Grade

15 Qs

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Quiz on Building Credit for Teens

Quiz on Building Credit for Teens

Assessment

Quiz

Other

10th Grade

Practice Problem

Medium

Created by

Kyren Watts

Used 3+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score?

A record of your bank transactions

A list of your monthly expenses

A three-digit number estimating your likelihood to repay borrowed money

A measure of your income level

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a major credit bureau in the US?

CreditKarma

Equifax

Transunion

Experian

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of your credit score is determined by your payment history?

10%

35%

15%

30%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered an 'Excellent' credit score range?

800-850

670-739

580-669

300-579

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended maximum percentage of your available credit you should use?

10%

30%

50%

70%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor contributes 15% to your credit score?

Types of credit in use

Payment history

Amounts owed

Length of credit history

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to have a good credit score?

It is used to calculate your taxes

It shows your educational qualifications

It affects your eligibility for loans and credit cards

It determines your salary

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