EPF, Module 15: Credit
Presentation
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History
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12th Grade
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Practice Problem
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Easy
Gabriel Al-Shaer
Used 10+ times
FREE Resource
30 Slides • 22 Questions
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Open Ended
What is a song you have been feeling lately heading into the end of the year?
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Multiple Choice
Which of the following is most likely to be affected by your credit history?
Your ability to get a loan
Your favorite TV show
The weather tomorrow
Your pet's health
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Open Ended
Why is understanding credit important for managing your personal finances?
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Open Ended
Reflect on a time where you borrowed from or lent money to someone. Who did the loan involve? What was the agreement for repayment? Did the agreement work out the way you anticipated? Were both people happy at the end?
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Fill in the Blanks
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Multiple Choice
Which of the following are types of credit?
Loans and Credit Cards
Stocks and Bonds
Savings Accounts
Insurance Policies
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Fill in the Blanks
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Multiple Choice
What is the main difference between 'credit' and 'interest' as described in the text?
Credit is the amount you borrow, while interest is the amount you pay to use someone else's money.
Credit is the amount you pay, while interest is the amount you borrow.
Credit is a type of loan, while interest is a type of credit card.
Credit is free money, while interest is a fee for saving.
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Multiple Choice
Based on the information in the first two slides, why is it important to understand the terms of a formal loan from a financial institution?
To ensure you get a fair deal and avoid unexpected costs.
Because friends might not lend you money.
So you can avoid paying any interest.
Because banks always offer the best deals.
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Open Ended
How does the diagram with the two containers help explain the concept of a line of credit and spending?
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Multiple Select
Which of the following are typically included in a Schumer Box?
Annual Percentage Rate (APR)
Minimum Interest Charge
Credit Score Requirement
Penalty Fees
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Open Ended
What is a Schumer Box and why is it important when considering a credit card offer?
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Open Ended
What is a credit score and credit report?
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Open Ended
If you purchase a $750 Playstation 5 bundle on credit and only make the minimum payments, how long will it take to pay off the credit card bill?
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Multiple Choice
Which of the following is the largest factor in determining your credit score?
Payment history
Amounts owed
Credit history length
New credit
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Multiple Select
Which of the following are factors that affect your credit score?
Payment history
Amounts owed
Credit mix
Annual income
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Open Ended
Based on the images, why is it important to understand your credit score when using credit cards?
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Multiple Choice
Which of the following is NOT a consequence of having bad credit, according to the text?
Higher insurance rates
Better employment opportunities
Higher interest charges
Difficulty renting an apartment
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Open Ended
Using the graphic above, how much more will a person with poor credit pay over the course of a single year than a person with great credit? Over the course of a 30 year mortgage?
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Open Ended
Explain how the amount owed and payment history impact your FICO score, using the information from the images.
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Open Ended
What is one question you still have about credit after completing this module?
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Multiple Choice
What topics were covered in Module 15 based on the session overview?
Worksheets, Investing, Credit, Flex Friday, Module 14: To-Do
Budgeting, Saving, Loans, Insurance, Taxes
Economics, Entrepreneurship, Marketing, Accounting, Ethics
Spending, Borrowing, Real Estate, Retirement, Healthcare
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