quizbowl 5
Authored by Heidi Bonfante
Financial Education
9th - 12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the three-digit number used by lenders to assess your creditworthiness?
credit score
karma score
Quantum Financial Rating (QFR)
Your CCS: Credit Compass Score
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the two factors that influence your credit score the most.
payment records and number of credit cards
payment history and your age
credit utilization and spending
payment history and credit utilization
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the number range for a FICO credit score?
1.00 to 4.00
300-1000
300-8500
350-850
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of loan requires collateral, such as a house or car, to secure borrowing?
secured loan
unsecured loan
revolving credit
mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of loan is granted based solely on a borrower’s creditworthiness, without requiring collateral?
secured loan
unsecured loan
revolving credit
mortgage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your available credit should you aim to use to maintain a good credit score?
20%
30%
40%
50%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to your credit score when you miss a credit card or loan payment?
Nothing. You have to miss it more than once before you take a hit.
It increases
It decreases
Information like that doesn't get reported.
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