Unit 4 Credit Review Question Preview (ID: 3835)


Review For Personal Finance Unit 4 Credit Test.

True or False: To pay less interest and pay off your balance sooner, you should pay more than the minimum payment amount.
a) True
b)
c)
d) False

Question ID#: 38498 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: Charging small, everyday purchases is a good practice.
a) True
b)
c)
d) False

Question ID#: 38499 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: Arranging for automatic payments for your monthly bills is a smart practice because it helps prevent late payments.
a) True
b)
c)
d) False

Question ID#: 38500 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: It is not important to read the fine print of a credit card or loan application before you sign it.
a) True
b)
c)
d) False

Question ID#: 38501 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: Be choosy about your credit, and don\'t apply for more than you actually need.
a) True
b)
c)
d) False

Question ID#: 38502 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: Try to pay your bills as soon as they come in.
a) True
b)
c)
d) False

Question ID#: 38503 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Get into a saving mode so you rarely need credit or loans for your purchases.
a) True
b)
c)
d) False

Question ID#: 38504 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Which describes credit best?
a) Pay now, buy later
b) Buy now, pay later
c) Buy now, buy later
d) Pay now, pay later

Question ID#: 38505 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: Overspending will not lead to debt.
a) True
b) False
c)
d)

Question ID#: 38506 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

True or False: You can get 2 free credit reports per year from each of the 3 credit reporting agencies.
a) True
b) False
c)
d)

Question ID#: 38507 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

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