Understanding the 5 C's of Credit

Understanding the 5 C's of Credit

11th Grade

27 Qs

quiz-placeholder

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Understanding the 5 C's of Credit

Understanding the 5 C's of Credit

Assessment

Quiz

Financial Education

11th Grade

Easy

Created by

Mark Allen

Used 1+ times

FREE Resource

27 questions

Show all answers

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:

OFF

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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