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15
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Which term refers to the maximum amount of credit a lender is willing to extend to a borrower?
Credit limit
Savings goal
Withdrawal fee
Interest rate
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15
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Tell us 1 disadvantage of having a credit
...
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15
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When you make timely payments on a credit card, what can happen to your credit score?
It improves
It becomes colorful
It decreases
They give you free money
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monster
Reset all scores!
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gift
Win 25 points!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
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What does the phrase "annual percentage rate (APR)" represent?
The amount you owe on your credit card in a year
The interest rate plus any fees on a loan
The cost of groceries
The total income of a person during a year
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15
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When you use a credit card to make a purchase, you are essentially:
Spending your own money
Investing in stocks
Borrowing money from the bank
Borrowing money from a friend
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15
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What should you consider before applying for credit?
Your creditworthiness and ability to repay
Your horoscope
Your favorite financial movie
The weather forecast
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15
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What does the term "Credit" mean in financial terms?
Money you owe
Money you lend
Money you save
Money you earn
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15
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What does the term "Credit" refer to?
Money you save
Money you owe
Money you earn
Money you lend
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15
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Which of the following is an example of a credit account?
A loan from a bank
A savings account
A checking account
A piggy bank
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15
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Which of the following is NOT a common type of credit?
Student loan
Grant ("Bono")
Mortgage ("Hipoteca")
Auto loan
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15
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What is a "credit score" used for?
Measuring your physical fitness
Rating your cooking skills
Determining your favorite color
Evaluating your borrowing risk
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15
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What is a "secured" credit card?
A card that requires collateral
A card that offers free gifts
A card that can only be used in one store
A card with no credit limit
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eraser
Reset score!
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seesaw
Swap points!
Okay!
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shark
Other team loses 15 points!
Okay!
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baam
Lose 20 points!
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trap
No points!
Oops!
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fairy
Take points!
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25
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fairy
Take points!
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25
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banana
Go to last place!
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lifesaver
Give 25 points!
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fairy
Take points!
5
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25
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fairy
Take points!
5
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thief
Give points!
5
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