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Module 2- Credit 101 - Section 1 Quiz

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Mathematics

Professional Development

CCSS covered

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Module 2- Credit 101 - Section 1 Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit?

Free money from the government

Money you borrow and don’t have to repay

Borrowed money you promise to pay back later

Extra income from your job

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is credit like trust?

You can use it to trust others with your money

Lenders rely on your word alone

Lenders trust you’ll repay borrowed money

It never needs to be repaid

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a benefit of having good credit?

Lower interest rates on loans

Better chance of getting a job

Lower taxes

Easier to rent an apartment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your credit score is like an adult money report card.

True

False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit score is:

A measure of a person's creditworthiness

A type of bank account

A form of identification

A type of loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the range of most credit scores (FICO model)?

100–500

200–700

300 -850

500 - 900

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What makes up the largest portion (35%) of your FICO credit score?

Length of credit history

Payment history

Credit mix

New credit

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