Credit Knowledge Quiz

Credit Knowledge Quiz

11th Grade

23 Qs

quiz-placeholder

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Credit Knowledge Quiz

Credit Knowledge Quiz

Assessment

Quiz

History

11th Grade

Practice Problem

Medium

Created by

Kaylib Holley

Used 5+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What’s an example of bad credit? Mark only one oval.

Mortgage

Car loan

Vacation

Student loans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you raise your interest rate with credit? Mark only one oval.

Apply for a lot of credit cards

Overspend of the amount you actually have

Never pay on time for your credit cards

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit report? Mark only one oval.

A summary of how credit worthy you have been

The amount of money in your bank account

The money in your savings account

A report that shows all of your gift cards purchased, as well as your past paychecks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the score of a perfect credit score? Mark only one oval.

1,000

720

850

950

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you prevent credit card debt from becoming too much? Mark only one oval.

Ask politely

Pay the debt each month in full

Pay the minimum

Don't have any debt at all, stay away from debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When should you get a credit card? Mark only one oval.

When you are 25

As soon as possible

When you are about to retire

NEVER, Credit Cards are bad

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

About how long does a Typical Mortgage Loan last? Mark only one oval.

10 Years

30-40 Years

5-7 Years

2 Years

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