Practice exam quiz

Consumers sometimes make choices that cause negative information to be put on their credit reports. Which of these is the most likely number of years that this negative information will remain on their credit reports?

• 3 to 6 years

• 7 to 10 years

• 11 to 14 years

• 15 to 18 years

What personal information can be obtained from Nancy's credit report? Choose all that apply.

• Nancy's Social Security number

• Nancy's savings account number

• Nancy's telephone number

• Pin number of Nancy's debit card

A portion of Raúl’s check register is shown. His checking account had a balance of $539.50 on April 2. Based on the information in the check register, what was the balance of Raúl’s checking account after the transaction on April 13 in dollars and cents?

A portion of Taquan’s check register is shown. Before Taquan made his utility payment on March 24, the balance of his account was $1,094.80. Based on the information in the check register, what was the balance of Taquan’s checking account in dollars and cents after the transaction on March 29?

Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote her transactions in her check register. She included all her transactions through the end of the day on April 23. Based on the transactions in Nina’s check register, what is the balance in dollars and cents in her checking account at the end of the day on April 23?

Hannah opened a checking account on January 1 and deposited $280. Hannah's check register shows the following transactions between January and May. What is her checking account balance at the end of the period? Choose the correct option.

• $30

• $100

• $120

• $280

At the beginning of the day on February 17, Graciela had $77.25 in her checking account. Graciela recorded her transactions from that day in her check register: - Deposited $35.00 from babysitting - Paid $28.50 for yearbook Complete Graciela's check register to show the balance after each transaction. Move the correct answer to each box. Not all answers will be used.

Which statement is true for a credit card but NOT true for a debit card?

• A cardholder must use a personal identification number (PIN) when making purchases.

• A cardholder will have money withdrawn from an associated checking account when making purchases.

• A cardholder will be charged interest on a purchase unless the balance on the card is paid in full at the end of the billing period.

• A cardholder can use an automated teller machine (ATM) to withdraw money.

Determine whether the given statement is True or False. Having more credit cards affects a credit score.

• True

• False

Lisa has a poor credit score. What does a poor credit score indicate to lenders in terms of Lisa's credit worthiness? Lisa often spends ___ than her credit card limit.