FA-8.0 Managing Credit & Fundamentals of Statistics Assessment

The graph below represents the number of goals scored by the boys' soccer team in every game so far this season.What was the range of goals scored?

• 5
• 6
• 8
• 9

1. All of these are true about late credit card payments, EXCEPT...

• They can drop your credit score by as much as 100 points
• They are an extremely rare occurrence among American credit cardholders
• They can stay on your credit report for up to 7 years
• They are the largest factor in your overall credit score

Meghan asks 4 friends for advice on how to raise her credit score, which is currently at 650. Which is the strongest piece of advice?

• Close as many credit card accounts as you can

• Open up a savings account

• Pay your credit card bill on time each month

• Pay off your debts as slowly as possible

The graph below represents data collected by Mia, Abigail, and Aiden on the number of social media posts they made the previous day. What's the greatest number of posts a student made?

• 5

• 8

• 9

• 10

Aiden is analyzing the scores of his classmates on a recent math test. The box plot below represents the scores. What is the minimum score?

• 33

• 35

• 30

• 31

• 32

The graph below represents results of a survey in which students, including William and Sophia, stated the number of minutes they’d spent watching TV the previous day. How many students were surveyed?

• 50

• 40

• 39

• 41

3. Scarlett is reviewing her financial activities and wants to know which of the following actions would be included in her credit report?

• She bought a $300 prepaid card

• She checked her credit score on her bank’s mobile app

• She made her student loan payment on time

• She used her debit card at the grocery store

4. Struggling to pay off excess debt can lead to all of these consequences, EXCEPT...

• Developing health problems from the stress of carrying debt
• Having your wages reduced by collectors on unpaid debts
• Being fired from your job if your employer finds out you have too much debt
• Having purchases repossessed (home, vehicle, etc.) for failure to make payments

5. Which student is most likely to have the highest credit score?

• Hassan has 3 credit cards with low balances and often forgets which one they need to make payments on and is late
• Bekkah has 2 credit cards and they’re usually near their credit limit
• Kareem has 3 credit cards that they pay in full every month and recently applied for a new line of credit
• Sarah has never had a credit card and has over $10,000 in her savings account

6. Jackson is reviewing loan offers and is concerned about predatory lending practices. All of the following statements about predatory lending are TRUE EXCEPT…

• They have a federally-mandated maximum APR of 25%

• They disproportionately affect communities of color

• They can come in many forms like high interest rates and excessive fees

• They often occur in conjunction with home mortgages