Debt/Credit Assessment
Authored by Hannah Richert
Social Studies
9th - 12th Grade
Used 8+ times
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15 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A ______ score is a number that represents your creditworthiness.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
When you borrow money, the amount you owe is called ____.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
________ is the fee you pay for borrowing money, usually a percentage of the amount borrowed.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
It's important to make your monthly payments on ____ to avoid penalties and late fees.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the fee charged for borrowing money?
Principal
Interest
Equity
Balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan backed by collateral
Unsecured Loan
Secured Loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loan that doesn't have any collateral attached (ex. Credit Cards)
Unsecured Loan
Secured Loan
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