CIB SLO Post-Test
Quiz by Tamara Haight
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
25 questions
Show answers
- Q1Becky no longer wants to use her Macy's store credit card. What should she do with the cc?Keep the credit card in her wallet for IDClose the account then destroy the cardLet a family member take over the credit accountFile the credit card away for use at a later time20s
- Q2When may a person view his/her credit report for free?any time, unlimited number of timesonly when you have sufficient financesyou may never view your credit report for freeonce a year from each of the 3 credit reporting agencies20s
- Q3When trying to get a loan Bob learned that his credit score is low. What does this mean for Bob?the interest rate will be lowerthe interest rate will be higherthe monthly payments will be lowerthe purchase price will be higher20s
- Q4Which of the following is NOT included in an individual’s credit report?account balancesmedical informationcurrent and past addressesbankruptcies and foreclosures20s
- Q5Edward wants to develop a positive credit history. How should he do this?Maintain reasonable amounts of available creditHave one type of credit accountPay cash for the majority of purchasesOpen credit accounts in his parents’names20s
- Q6Which statement below explain the importance of understanding the process of borrowing money?borrowing is an important part of a responsible financial planborrowing builds a strong credit historyborrowing affects your present, but not really your futureWhen you are borrowing, you are spending future income20s
- Q7Which statement describes closed-end credit?Credit limits vary depending on the loan balanceequal payments are made on a regular basisInterest rates varydepending on the repayment historya continuous loan with a revolving balance20s
- Q8How can you LEGALLY avoid paying interest when using your credit card?there is no legal way to avoid paying interestuse credit card for balance transfers onlypay the minimum balance every month before the due datepay the balance in full every month before the due date20s
- Q9Which of the following is an act of identity theft?Wrongfully acquiring and using someone’spersonal IDTaking the identity of someone as inspiration for a costumeHaving the same name as another personReceiving permission to use a parent’s credit card20s
- Q10What is a safety tip to follow when shopping online?it's never safeuse a debit carduse a credit cardShred all sales receipts as soon as possible20s
- Q11Which strategy would be the most effective for decreasing risk of credit card fraud?use your credit card for all purchases so you only have one payment each monthsign the back of the credit card with "See ID"give account numbers over the internet rather than the phoneCarry all credit cards in wallet so they don't get lost20s
- Q12Which of the following best describes the benefits of having insurance?it is required by law so benefits don't matterinsurance provides a sense of financial securityThe policyholder will be better off financially after a lossall risk is transferred to ins co so you don't have to worry about paying anything20s
- Q13The monthly payment for insurance is calledhazardpremiumco-insurancedeductible20s
- Q14You receive a $1000 medical bill; you have a $500 deductible and 20% co-insurance; how much do you pay?$500$0 (ins co. pays all)$700$60020s
- Q15Amanda is Eric's beneficiary. This means that Amanda...will receive payment if Eric dieswill receive commission for selling Eric's policywill continue to pay Eric's premiumsis executor of Eric's estate20s