Unit 3: CFA 3 (Standard 6)
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Easy
Standards-aligned
Cory McCracken
Used 9+ times
FREE Resource
Enhance your content in a minute
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
Money that is given as a gift
The ability to borrow money or access goods or services with the understanding that you’ll pay later
A type of investment account
A government tax
Tags
GA.SS.12.SSEPF6
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common cost associated with using credit?
Earning interest on your savings
Paying interest on borrowed money
Receiving cash back on purchases
Getting discounts on all items
Tags
GA.SS.12.SSEPF6
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a credit score represent?
The amount of money in your bank account
Your history of repaying borrowed money
The number of credit cards you own
The total amount you have borrowed
Tags
GA.SS.12.SSEPF6
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of using credit?
Paying cash for groceries
Taking out a loan to buy a car
Depositing money into a savings account
Receiving a paycheck
Tags
GA.SS.12.SSEPF6
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you pay only the minimum payment on your credit card each month, what is likely to happen?
You will pay off your balance quickly
You will pay more in interest over time
Your credit score will automatically increase
You will not be charged any interest
Tags
GA.SS.12.SSEPF6
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can using credit responsibly benefit you in the future?
It can help you build a good credit history
It guarantees you will never have debt
It eliminates the need for a budget
It increases your monthly expenses
Tags
GA.SS.12.SSEPF6
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which action could help you avoid paying high interest on credit card debt?
Making only the minimum payment each month
Paying your full balance each month
Ignoring your credit card statements
Using your credit card for every purchase
Tags
GA.SS.12.SSEPF6
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
25 questions
Government Unit 1 Test Review
Quiz
•
11th - 12th Grade
25 questions
Sociology Chapter 3 Test
Quiz
•
10th - 12th Grade
25 questions
Unit 3 - Classical West
Quiz
•
6th - 12th Grade
35 questions
Chapter 3 Savaas: The Constitution
Quiz
•
12th Grade
25 questions
Immigration
Quiz
•
7th - 12th Grade
25 questions
Fiscal and Monetary Policy and Govt. Spending
Quiz
•
10th - 12th Grade
25 questions
Native American Shelters Quiz
Quiz
•
5th Grade - University
25 questions
Unit 2: Research and Stats
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Social Studies
18 questions
Early civil rights and African Americans
Quiz
•
9th - 12th Grade
20 questions
Unit 7.1 The Industrial Revolution
Quiz
•
9th - 12th Grade
13 questions
USHC 3 to North and South Advantages
Quiz
•
11th - 12th Grade
30 questions
AP Psychology: Social Psychology (4.1-4.3) Quiz
Quiz
•
12th Grade
52 questions
Unit 2 Economics (Micro and Market Structures)
Quiz
•
11th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
30 questions
Full test Unit 4: Industrial Revolution
Quiz
•
9th - 12th Grade
