Life Skills

9th -

12thgrade

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Borrowing Basics

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12 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which of the following requires the borrower to offer a securement to the lender, in case they do not repay the loan?

    Paycheck

    Collateral

    Credit card

    Character

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which of the following is an example of revolving credit?

    Student Loan

    Auto Loan

    Mortgage

    Credit card

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which of the following credit scores are considered fair?

    690 to 719

    Above 720

    630 to 689

    Below 600

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