wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Credit Card Basics

Total questions: 9

Worksheet time: 7mins

Name
Class
Date
1.

Co-Signer

a)

A record of the borrower's past loans and credit-related transactions

b)

A person who is equally responsible for paying back debt under the credit terms

c)

A numerical summary of your credit history that indicates your credit worthiness

d)

Makes funds available for borrowers

e)

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

2.

Credit History

a)

A record of the borrower's past loans and credit-related transactions

b)

A person who is equally responsible for paying back debt under the credit terms

c)

A numerical summary of your credit history that indicates your credit worthiness

d)

Makes funds available for borrowers

e)

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

3.

Credit Score

a)

A record of the borrower's past loans and credit-related transactions

b)

A person who is equally responsible for paying back debt under the credit terms

c)

A numerical summary of your credit history that indicates your credit worthiness

d)

Makes funds available for borrowers

e)

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

4.

Credit

a)

A record of the borrower's past loans and credit-related transactions

b)

A person who is equally responsible for paying back debt under the credit terms

c)

A numerical summary of your credit history that indicates your credit worthiness

d)

Makes funds available for borrowers

e)

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

5.

Lender

a)

A record of the borrower's past loans and credit-related transactions

b)

A person who is equally responsible for paying back debt under the credit terms

c)

A numerical summary of your credit history that indicates your credit worthiness

d)

Makes funds available for borrowers

e)

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

6.

Pawn Loan

a)

A loan based on the value of personal property (example: diamond ring)

b)

Short-term cash advance secured by a taxpayer's expected tax refund

c)

Short-term loan that provide immediate cash; secured by authorization for automatic withdrawal from a borrower's bank account

d)

A loan based on the value of a borrower's automobile

7.

Payday Loan

a)

A loan based on the value of personal property (example: diamond ring)

b)

Short-term cash advance secured by a taxpayer's expected tax refund

c)

Short-term loan that provide immediate cash; secured by authorization for automatic withdrawal from a borrower's bank account

d)

A loan based on the value of a borrower's automobile

8.

Title Loan

a)

A loan based on the value of personal property (example: diamond ring)

b)

Short-term cash advance secured by a taxpayer's expected tax refund

c)

Short-term loan that provide immediate cash; secured by authorization for automatic withdrawal from a borrower's bank account

d)

A loan based on the value of a borrower's automobile

9.

Refund Anticipation Loan

a)

A loan based on the value of personal property (example: diamond ring)

b)

Short-term cash advance secured by a taxpayer's expected tax refund

c)

Short-term loan that provide immediate cash; secured by authorization for automatic withdrawal from a borrower's bank account

d)

A loan based on the value of a borrower's automobile