Test yourself


Topic Assessment: Question

Here are a few questions to test what you've learned.
The cost of borrowing money depends on the __________.
A. credit union
B. rate of return
C. interest rate and term of loan
D. way the wind is blowing
Right!
Try Again
Not Quite. The correct answer is interest rate and term of loan
All of the following are good ways to establish a good credit record except
A. don’t write a check for more money than you have in your account
B. pay your bills in full and on time
C. use your credit card to buy something you can’t really afford
D. always keep your promises to repay the money you borrow
Right!
Try Again
Not Quite. Don't use your credit card to buy something you can’t really afford
The first thing you should do if your credit or debit card is lost or stolen is __________.
A. chalk it up to a “bad hair day”.
B. open your mouth and scream
C. run like crazy after whoever took it
D. call the card issuer’s #800 immediately to report it
You're right!
Try Again
Not Quite. The correct answer is call the card issuer’s #800 immediately to report it.
Companies that keep track of everyone’s credit history are called__________.
A. collection agencies
B. credit bureaus
C. credit unions
D. Big Brother
You’re right! Remember: to get a free copy of your credit report once a year, visit www.annualcreditreport.com. Click the Next button for more great options.
Try Again
Not Quite. The correct answer is credit bureaus. Click the Next button for more great options.
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