EVERFI Build: Credit Fundamentals™ Acquiring Credit All Lessons

EVERFI Build: Credit Fundamentals™ Acquiring Credit All Lessons

11th Grade

40 Qs

quiz-placeholder

Similar activities

Music Interest Inventory & Getting to Know You

Music Interest Inventory & Getting to Know You

5th - 12th Grade

35 Qs

Credit Cards & Credit Quiz

Credit Cards & Credit Quiz

12th Grade

40 Qs

Credit and Loans

Credit and Loans

8th Grade - University

42 Qs

Wise Review 2

Wise Review 2

10th - 12th Grade

36 Qs

Credit Protection and Bankruptcy - Chapter 12 BUSLAW

Credit Protection and Bankruptcy - Chapter 12 BUSLAW

9th - 12th Grade

36 Qs

DLSUFINBAFIK31QUIZOct07

DLSUFINBAFIK31QUIZOct07

University

37 Qs

MKES2 - EVERFI - FINAL EXAM REVIEW

MKES2 - EVERFI - FINAL EXAM REVIEW

10th - 12th Grade

45 Qs

Retail Banking

Retail Banking

9th - 12th Grade

40 Qs

EVERFI Build: Credit Fundamentals™ Acquiring Credit All Lessons

EVERFI Build: Credit Fundamentals™ Acquiring Credit All Lessons

Assessment

Quiz

Other

11th Grade

Hard

Created by

Crystal McCullough

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are long-term impacts of having a good credit history?

It lets you buy the things you want like clothes or cellphones.

It gives you freedom to shop around for the best deal on tech.

It prevents you from spending money on things you want instead of things you need.

It’s easier to pay for major purchases like cars, houses, and education.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of card impacts your credit history?

Debit card

Student credit card

Driver’s License

State ID Card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which action could help improve your credit history?

Leave credit card bills outstanding.

Always pay your credit card bill on time.

Only get a debit card and avoid credit cards.

Make a major purchase that you can't afford right now.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the correct definition for the grace period?

The amount you pay for your card each year

The amount of time you have to make late payments

The time between when you make a purchase using the credit card and the date when the credit card company begins charging you interest

The amount of time you have to pay your secured deposit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to find a credit card with a lower APR?

A lower APR means you have more time to pay off your balance.

A lower APR gives you a better credit history.

A lower APR impacts your grace period.

A lower APR means you pay less in interest.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do lending and credit card companies use a borrower's Social Security number when opening an account?

To withdraw taxes

To assign an interest rate

To protect against fraud

To ensure borrowers are US citizens

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reason to pay more than the minimum payment due on your credit statement each month?

You save money on interest.

It takes more time to pay off a balance.

It hurts your creditworthiness.

Your credit utilization rate stays the same.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?