Yr 10 Money, debt and credit

Yr 10 Money, debt and credit

10th Grade

30 Qs

quiz-placeholder

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Yr 10 Money, debt and credit

Yr 10 Money, debt and credit

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Georgia Haysom

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Credit means you ________now and ________ it back later.

Borrow, Pay

Pay, Borrow

Pay, Pay

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Types of credit include: Credit card, Installments, Mortgage and

debit card

rewards card

Student Loans

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Having bad credit can affect what for a person?

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a mortgage?

Car loan

business loan

Home loan

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The least amount that must be paid on a credit card each month is

Minimum Payment
Late Fee
Credit Limit
money time

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Only making the minimum payment on a credit card every month will:

lower the amount total paid for the purchase
take longer to pay off which will result in paying more interest, more money!
pay off the credit card faster

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A credit card is

Pre-approved credit which can be used for the purchase of goods and services now and payment of them later
Credit which must be repaid in a series of equal payments
A plastic card that is electronically connected to the cardholder's bank account
None of the above

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