Unit 5: Credit Vocabulary

Unit 5: Credit Vocabulary

9th Grade

15 Qs

quiz-placeholder

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Unit 5: Credit Vocabulary

Unit 5: Credit Vocabulary

Assessment

Quiz

Mathematics

9th Grade

Hard

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The length of a loan: ____________________________

term

credit card

minimum payent

The total amount of a loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Plastic card where you spend the bank's money and pay back over time with interest: ____________________________

Credit Card

Debit Card

Gift Card

Loyalty Card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate charged for borrowing money: ____________________________

The rate charged for borrowing money

Interest rate

Loan fee

Borrowing cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A portion of the total cost paid up front/at the beginning: ____________________________

Down payment

Installment

Interest

Penalty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A detailed report of an individual's credit history: ____________________________

Credit card

Credit report

APR

Term

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A statistical number that shows a person’s credit worthiness: ____________________________

credit score

interest rate

loan amount

debt ratio

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Smallest amount you need to pay off the balance of your credit card each month: ____________________________

Minimum payment

Full balance

Interest amount

Late fee

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