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AB104 Unit 5 Using Credit Quiz (Kaplan)


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AB 104 AB/104 AB104 Unit 5 Using Credit Quiz

Question 1. 1. Regarding student loans, which of the following is not true? (Points : 2)

Question 2. 2. ______ loans do not have to be repaid until after you graduate from college. (Points : 2)

Question 3. 3. What could happen if you have a low FICO score? (Points : 2)

Question 4. 4. A type of credit or loan that is available to individuals or businesses which is repaid in fixed, scheduled payments is called: (Points : 2)

Question 5. 5. ________includes all installment payments, finance charges and down payment. (Points : 2)

Question 6. 6. The Fair Credit Reporting Act allows consumers to request and obtain a free credit report every year. Why should consumers check their credit report every year? (Points : 2)

Question 7. 7. Bad stock sales that result in a margin call is also referred to as: (Points : 2)

Question 8. 8. As well as being among the cheapest forms of consumer credit, this offers shelters from taxes: (Points : 2)

Question 9. 9. If you have no credit, generally the first thing you should do is to: (Points : 2)

Question 10. 10. What is the true cost of credit measured by? (Points : 2)

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