Understanding Credit and Credit Scores

Understanding Credit and Credit Scores

Assessment

Flashcard

Business

6th - 8th Grade

Hard

DOK Level 1: Recall

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

24 questions

Show all answers

1.

FLASHCARD QUESTION

Front

A ___________________ is someone who signs for you to be able to get credit.

Back

cosigner

2.

FLASHCARD QUESTION

Front

Identify the 3 C's of credit.

Back

capital, capacity, character

3.

FLASHCARD QUESTION

Front

Which document is a record of a person's credit history?

Back

credit report

4.

FLASHCARD QUESTION

Front

What is a credit score?

Back

a measure of a person's creditworthiness

5.

FLASHCARD QUESTION

Front

The amount of credit you have left before you reach your credit limit is your?

Back

available credit

6.

FLASHCARD QUESTION

Front

What is important to consider when selecting a credit card? Options: credit terms, cost of credit, grace period, all of these

Back

all of these

7.

FLASHCARD QUESTION

Front

What is the final step in the credit decision making process? Choose the best option, Gather information, Define the decision to be made, Act on the decision

Back

Act on the decision

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?