Wise Credit
Quiz
•
Social Studies
•
9th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is buying now and paying later?
Investing
Saving
Income
Credit
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary purpose of credit in a modern economy?
A) To accumulate wealth
B) To facilitate transactions
C) To increase savings
D) To reduce taxes
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a common form of credit used by individuals?
A) Mortgage
B) Salary
C) Tax
D) Insurance
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a credit score used for?
A) To measure income
B) To assess creditworthiness
C) To calculate taxes
D) To determine savings
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which institution typically issues credit cards?
A) Hospitals
B) Banks
C) Schools
D) Supermarkets
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term for the cost of borrowing money on credit?
A) Interest
B) Dividend
C) Premium
D) Fee
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a benefit of having a good credit score?
A) Higher interest rates
B) Easier loan approvals
C) Increased taxes
D) More insurance claims
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