Credit quiz

Test what you know about credit by taking this quick quiz. Drag each of these terms to the correct definition on the right.


Credit
Credit score
Installment credit
APR
Revolving credit
The ability to borrow money when you need it
Numerical rating lenders use to make loan approval decisions
A loan repaid in equal amounts, over a fixed period of time
The total cost of credit expressed as a yearly rate
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Annual Percentage Rate (APR) is a measurement you can use to compare the cost of different loans. The lower the APR, the lower the total cost of the loan.
Give yourself credit! Credit quiz