What is a credit score?

What is a credit score?

11th Grade

16 Qs

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Assessment

Quiz

Business

11th Grade

Practice Problem

Easy

Used 3+ times

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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit score a measure of?

Your income level

How well you have handled money you’ve borrowed

Your employment history

The number of credit cards you own

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another name for a credit score?

FICO score

Credit limit

Interest rate

Loan term

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which category has the highest impact on a person's credit score?

Types of Credit

Credit Inquiries

Payment History

Length of Credit History

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of your credit score is influenced by the total amount you owe?

10%

15%

30%

35%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a longer credit history beneficial for your credit score?

It shows you have more credit cards

It indicates you have more debt

It demonstrates a longer track record of credit management

It means you have a higher income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a lot of credit inquiries indicate?

You have a high income

You may be applying for many new credit accounts or loans

You have a good credit score

You have a long credit history

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is included in the "Types of Credit in Use" category?

Payment history

Student loans

Credit inquiries

Total amount owed

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