Credit Quiz

Credit Quiz

12th Grade

20 Qs

quiz-placeholder

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Credit Quiz

Credit Quiz

Assessment

Quiz

Special Education

12th Grade

Medium

Created by

Kayla DiDonato

Used 6+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your credit score determines how successful you will be in obtaining a loan

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these is NOT one of the 3 main Credit Bureaus?

Equifax

Experian

FICO

TransUnion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most important factor of a credit score?

Types of credit

Payment History

Amount of debt

Inquires

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The highest FICO score possible is:

1600

1000

850

700

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A high credit score means you will have the highest interest rates when applying for a loan

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following items can be found on a credit card statement?

Payments made and new charges

Fees and interest charged

Year to date totals and how long it will take you to pay it off w/minimum only

All of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bank of America issues you a credit card with a maximum balance of $1,000.  This is an example of:
Finance Charge
Co-Signer
Minimum Payment
Credit Limit

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