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What is Credit?

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Credit Cards Should be used for emergencies only

a)

True

b)

False

2.

Credit Score is considered your

a)

financial disaster

b)

financial reputation

c)

street reputation

d)

debt ratio

3.

An example of an "good" credit score would be

a)

620

b)

580

c)

760

d)

700

4.

A Line of Credit is worse than a credit card

a)

True

b)

False

5.

Which of these are safer to use when shopping online?

a)

debit card

b)

checking account

c)

savings account

d)

credit card

6.

A mortgage is ...

a)

a business that handles merchandise

b)

a car loan

c)

an operational part of a business

d)

a loan for a house

7.

Credit score can effect which of the following

a)

payments

b)

ability to get insurance

c)

chance of getting a job

d)

all of the above

e)

none of the above

8.

Credit score are a secret that only banks know

a)

True

b)

False

9.

Having no credit at all is better than bad credit

a)

True

b)

False

10.

The average interest rate on a credit card is 10%

a)

True

b)

False

11.

A co-signer is

a)

company that makes signs

b)

company that creates logos

c)

a person that has a bad credit score

d)

a person that can help get someone approved for a loan

12.

The name of this class is

a)

Credit and banking

b)

business entrepreneurship

c)

sports marketing

d)

business essentials