Skip to Content
5 questions
Show Answers
See Preview
- 1. Multiple-choice30 seconds1 pt
Bureaus/ Banks consider the number of credit accounts, outstanding debt, collections accounts, and bill paying habits to create your score.
True
False
- 2. Multiple-choice30 seconds1 pt
Which of the following is an advantage of credit?
Being able to spend free money
Emergency fund back up plan
Paying interest to the bank
- 3. Multiple-choice30 seconds1 pt
Which of the following is a disadvantage of using credit?
Credit card fraud
Credit card rewards
Travel insurance
- 4. Multiple-choice30 seconds1 pt
Your monthly electricity bill is considered to be what type of credit?
Installment credit
Revolving credit
Open credit
- 5. Multiple-choice30 seconds1 pt
What allows you to purchase something right now that you are unable to pay for upfront?
Installments
Credit Score
Credit
Bargain
