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- 1. Multiple ChoiceWhat is a credit score?What lenders use to see if you are able to pay back credit3 numbersWhat your score on a test is that was worth credit
- 2. Multiple ChoiceWhat is your job as a borrower?To pay back your loans promptlyTo borrow as much as humanly possibleSpend your loans and not pay them back
- 3. Multiple ChoiceWhat is credit?When one party provides money/resources to another party with the intention money gets paid backWhat you get when you finish a test and Mr. Beltz puts it in the gradebook
- 4. Multiple ChoiceWhich of the following is an ADVANTAGE of credit?No need for carrying cashAnnual FeesInterest Rates
- 5. Multiple ChoiceWhat type of credit is a credit card?Single-PaymentInstallment CreditRevolving Credit
- 6. Multiple ChoiceWhat type of credit payment would CFU be?Revolving CreditSingle-PaymentInstallment Credit
- 7. Multiple ChoiceWhat does APR mean?Average Person RatioAnnual Percentage RateAlways Poke RobotsApples Peas & Rice
- 8. Multiple ChoiceWhat type of loan does Mr. Beltz have to pay offCarHomePhoneStudent
- 9. Multiple ChoiceWhen should you use a credit card?For large purchases!When I'm hungryOnly for small purchasesNever.
- 10. Multiple ChoiceWhat is a good way to build credit?Get a co-signer for a loanOnly use cashUse checks everywhere
- Answer choicesTagsAnswer choicesTags