WorksheetsCredit + Credit Cards
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is a credit score?
a)
What lenders use to see if you are able to pay back credit
b)
3 numbers
c)
What your score on a test is that was worth credit
2.
What is your job as a borrower?
a)
To pay back your loans promptly
b)
To borrow as much as humanly possible
c)
Spend your loans and not pay them back
3.
What is credit?
a)
When one party provides money/resources to another party with the intention money gets paid back
b)
What you get when you finish a test and Mr. Beltz puts it in the gradebook
4.
Which of the following is an ADVANTAGE of credit?
a)
No need for carrying cash
b)
Annual Fees
c)
Interest Rates
5.
What type of credit is a credit card?
a)
Single-Payment
b)
Installment Credit
c)
Revolving Credit
6.
What type of credit payment would CFU be?
a)
Revolving Credit
b)
Single-Payment
c)
Installment Credit
7.
What does APR mean?
a)
Average Person Ratio
b)
Annual Percentage Rate
c)
Always Poke Robots
d)
Apples Peas & Rice
8.
What type of loan does Mr. Beltz have to pay off
a)
Car
b)
Home
c)
Phone
d)
Student
9.
When should you use a credit card?
a)
For large purchases!
b)
When I'm hungry
c)
Only for small purchases
d)
Never.
10.
What is a good way to build credit?
a)
Get a co-signer for a loan
b)
Only use cash
c)
Use checks everywhere
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