Understanding the 5 C's of Credit
Authored by Mark Allen
Financial Education
11th Grade
Used 1+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which one of the 5 c's covers whether you can make the payments on your loans?
conditons
collateral
capacity
capital
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
which of the 5 c's would cover the interest of your loan?
capital
capacity
conditions
collateral
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the 5 C's describes how much money you have to make a down payment?
capital
character
capacity
collateral
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which one of the 5C's include your credit score, remember what I said about your reputation with borrowing money?
capacity
capital
conditions
character
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the 5 c's uses trade as a form of insurance incase you cannot pay your loan?
conditions
collateral
capacity
capital
6.
OPEN ENDED QUESTION
5 mins • 1 pt
name something you could use as collateral?
Evaluate responses using AI:
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7.
OPEN ENDED QUESTION
5 mins • 1 pt
What is one benefit of a checking account?
Evaluate responses using AI:
OFF
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