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FL Credit#1 - HIP 4O Flashcards | StudBud
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FL Credit#1 - HIP 4O
FL Credit#1 - HIP 4O
10 terms
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StudBud Administration
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Financial Literacy Credit - Assessment FOR Learning for HIP4O
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Overspending is tempting when using
Mortgages
Loans
Credit Card
Debit Card
2
A VERY Good Credit Rating is
700
550
750
350
3
Banks loan money because they can
Be nice to people
Lose Money
Make Money
4
Paying your bills on time, and having a good credit report are signs of your
Capacity
Capital
Character
5
There are 2 companies that you can find out your credit score from, TransUnion and
Equifax
Ontario Consumer Credit Assistance
Bank of Canada
Edward Jones
6
A Credit Rating is a judgement of your financial
Wealth
Debt
Health
7
A common advantage of using credit is
less impulse buying
lower cost for items purchased
lower chance of overspending
ability to obtain needed items now
8
If you skip paying 2 or more car loan payments, they can
Bankrupt you
Do nothing
Take your car away
9
To BUILD a credit history, a person could
request to view his/her credit file
use an ATM several times a month
file his/her federal income taxes on time
establish a steady employment record
10
Purchase of goods or services with the promise of repayment
Meaningless
Debit
Credit