Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Consumer Economics - Credit Unit Review
Test Description: Use these games to help you review for the Credit Unit Test!
Instructions: Answer all questions to get your test result.
1) Which of the following is NOT a component of your credit score?
A
Outstanding debt
B
Pursuit of new credit
C
Credit History
D
Interest rate you pay for loans
2) How many Credit Reporting Agencies (CRAs) are there?
A
1
B
4
C
3
D
2
3) What is a Schumer Box?
A
A list of your transactions on your credit card statement.
B
The place you look to find your minimum payment on a credit card bill.
C
A law related to credit cards.
D
A summary of credit card costs found on a statement.
4) An auto loan is an example of which type of credit?
A
Open-ended credit
B
Both
C
Closed-ended credit
D
Neither
5) A credit card is an example of which type of credit?
A
Neither
B
Revolving credit
C
Both
D
Installment credit
6) Which is not one of the 5 C's for determining how much credit you get?
A
Capacity
B
Collateral
C
Cash available
D
Credit history
7) Which refers to a person's ABILITY to repay a loan?
A
Capacity
B
Capital
C
Collateral
D
Credit History
8) Which is the ONLY free, government-sponsored website?
A
freecreditreport.com
B
annualcreditreport.com
C
yearlycreditcheck.com
D
creditreport.com
9) Which is NOT one of the credit reporting agencies
A
Transunion
B
Wellpoint
C
Equifax
D
Experian
10) Which is the most important factor impacting your credit score?
A
Payment History
B
Outstanding debt
C
Credit History
D
Types of credit in use
11) What would an APR help you analyze?
A
Interest rate on a credit card offer
B
Minimum payment on a credit card bill
C
Terms and conditions of a credit card offer
D
Credit limit offered by a lender
12) What should you do if you find an error on your credit report?
A
Sue your lender
B
There's nothing you can do
C
File a dispute with the government
D
File a dispute with the Credit Reporting Agency
13) Which of the following would be considered a disadvantage to owning a credit card?
A
Having a form of payment in case of emergencies.
B
It makes it easier to overspend.
C
You can build a credit history.
D
You will always be charged interest if you use it.
14) Which of the following protects against discrimination based on age, sex, race, etc?
A
2009 Credit CARD Act
B
Fair Credit Reporting Act
C
Equal Credit Opportunity Act
D
Truth in Lending Act
15) Which of the following laws put in place consumer protections against unfair practices by the credit card companies?
A
Fair Credit Reporting Act
B
Truth in Lending Act
C
2009 Credit CARD Act
D
Equal Credit Opportunity Act
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?