WorksheetsMCP Financial Literacy Borrowing (4)
Total questions: 20
Worksheet time: 9mins
What is the best way to manage credit and debt?
use rewards
spend now worry later
Make big purchases
set goals and budget
Select all the main credit card types
VISA
Mastercard
American Express
Disney
Paying less than the minimum payment on your credit card bill doesn’t count as a missed payment.
True
False
What type of credit score is this 570?
Average
Great
Poor
Excellent
Which is an exceptional credit score?
672
555
713
813
By law, every American can get a credit report for free how often from the three major bureaus?
Every month
Every five years
Yearly
Quarterly
A late payment on a credit card may show up for how long on your credit report?
Up to a year
Up to five years
Up to seven years
Up to ten years
Who are the three credit bureaus that keep track of your credit?
Amazon, Google, Microsoft
Equifax, Experian, Trans Union
Ethereum, Tether, Monero
Erudite, Anthem, Telescore
True or False: You should avoid "hard pulls" or "hard inquiries" too often as they can damage your credit and stay on your account for up to two years.
True
False
Credit scores are calculated in what numeric range?
0-100
0-1000
300-850
200-900
If you have a credit limit of $1000 on your credit card account, your recurring balance should be kept around which amount?
$0
$100
$500
$950
