FINE PRINT: Credit Report

FINE PRINT: Credit Report

12th Grade

11 Qs

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FINE PRINT: Credit Report

FINE PRINT: Credit Report

Assessment

Quiz

others

12th Grade

Hard

Created by

Melani Rose Lippard

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. This is the credit report for how many people?
1
2
3
4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. How long of a mortgage did Lillie take out?
40 months
5 years
30 years
360 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Which statement about Lillie’s mortgage is FALSE?
She currently owes $360,595
She started paying this mortgage in November 2012
She makes more than the monthly minimum payment
She is on-time with all of her payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. What accounts does Lillie T. Lane have open at this time?
One mortgage
One mortgage and one credit card
One mortgage and two credit cards
One mortgage, two credit cards, and one bank account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. What is the credit limit on Lillie’s First USA Bank credit card?
$1,684
$2,695
$5,500
$8,850

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. What was the highest balance Lillie had on her credit card?
$1,684
$2,695
$5,500
$8,850

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Which statement is true about Lillie’s past due account(s)?
She’s 30 days overdue, by $50, on 1 account
She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account
She’s 60 days overdue, by $50, on 1 account
She’s 90 days overdue, by $50, on 1 account

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