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Types of Credit Quiz

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About this activity

Test your understanding of credit basics.

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Types of Credit Quiz
 

Types of Credit QuizOnline version

Test your understanding of credit basics.

by mckenzye
1

What is amortization in debt repayment?

2

Which card type is secured by collateral?

3

What does APR stand for?

4

Which loan type typically has fixed payments over time?

5

What is a Schumer Box?

6

Which is an example of revolving credit?

7

Which term best describes a loan with a fluctuating rate?

8

What does a down payment do for a loan?

9

What is net worth a measure of?

10

Which is true about payday loans?

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