Intro to Credit (FL7)
Authored by Danielle Tuttle
Life Skills, Business
9th - 12th Grade
Used 33+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
42 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Credit is the most commonly used method of purchase in the United States.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which situation involves the use of credit?
borrowing money from a friend
using a credit card
taking out a loan from a bank
All answers are correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
You borrowed $30,000 from the bank to buy a car. When you make your monthly loan payment, you're paying what?
principal
interest
both principal and interest
neither principal or interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which is an advantage of using credit?
Credit can expand your purchasing power
Using credit will save you a lot of money
Using credit now guarantees a good credit score when you are older
All answers are correct
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When traveling, which is a safer payment method?
cash
credit card
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which is an example of revolving credit?
auto loan
mortgage
student loan
credit card
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
You are purchasing $200 worth of groceries from the store today. If you pay with a credit card, you might end up paying more than $200 for the groceries.
True
False
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
