WISE Review: Credit
Authored by Melissa Layton
Financial Education
11th Grade
Used 9+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
38 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a source of credit that typically charges high interest rates for consumers with low credit scores?
A) Banks and credit unions
B) Finance company/Consumer Finance Company
C) Government agencies
D) Family and friends
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Anika is trying to manage her student loans effectively. What is a good practice she should follow?
A) Ignoring changes in address
B) Defaulting on loans
C) Comparison shopping
D) Avoiding communication with lenders
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sophia is considering applying for a credit card and wants to understand the costs involved. What does APR stand for in the context of credit?
A) Annual Payment Rate
B) Annual Percentage Rate
C) Annual Premium Rate
D) Annual Penalty Rate
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a benefit of credit?
A) Increased debt
B) Access to money for future purchases
C) Higher interest rates
D) Limited borrowing capacity
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Abigail is considering different ways to borrow money. Which of the following is considered a loan from a credit card company?
Installment loans
Student loans
Credit cards
Personal loans
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Olivia is applying for a loan to start her own business. The bank is assessing her application and wants to evaluate her integrity and trustworthiness. Which of the Five C’s of credit is the bank focusing on?
Capacity
Character
Collateral
Capital
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
James is trying to improve his credit score. Which factor can negatively impact his credit score?
Paying bills on time
Low debt to credit ratio
High debt to credit ratio
Applying for fewer loans
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
Popular Resources on Wayground
8 questions
Spartan Way - Classroom Responsible
Quiz
•
9th - 12th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
14 questions
Boundaries & Healthy Relationships
Lesson
•
6th - 8th Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
3 questions
Integrity and Your Health
Lesson
•
6th - 8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
9 questions
FOREST Perception
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
Discover more resources for Financial Education
8 questions
Spartan Way - Classroom Responsible
Quiz
•
9th - 12th Grade
22 questions
El Imperfecto
Quiz
•
9th - 12th Grade
15 questions
ACT Reading Practice
Quiz
•
11th Grade
20 questions
Grammar
Quiz
•
9th - 12th Grade
18 questions
Mendelian Genetics
Quiz
•
10th - 12th Grade
20 questions
verbos reflexivos en español
Quiz
•
9th - 12th Grade
14 questions
Making Inferences From Samples
Quiz
•
7th - 12th Grade
25 questions
Early Cold War Quizziz
Quiz
•
11th Grade