Unit 2 Test Review TF And Vocabulary

Test Description: Unit 2 Debt Test True/False and Vocabulary Questions

Instructions: Answer all questions to get your test result.

1) You must establish credit in order to buy a house

2) There are three credit bureaus: Experian, TransUnion, and Equifax.

3) You can and should obtain a free copy of your credit report annually in order to check for any suspicious activity.

4) You need to have a credit card to rent a car or check in to a hotel

5) The Federal Trade Commission (FTC) is one of many U.S. federal agencies that regulate the consumer credit system and enforce the laws related to it.

6) Teens are a huge target of credit card companies today

7) Co-signing a loan is a good way to help a friend or relative.

8) A federal court procedure that helps consumers get rid of their debts and repay their creditors is called

9) A detailed report of an individual's credit history is a

10) Type of card issued by a bank that allows users to finance a purchase

11) A measure of an individual's credit risk; calculated from a credit report

12) Preferred method of debt repayment


*select an answer for all questions

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