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The Basics of Building Credit

Exercise 1

Choose the best answer.

  • 1. What does credit measure?
    1. How likely someone is to pay back a loan
    2. How well someone has made payments in the past
    3. How trustworthy someone is with money
    4. All of the above
  • 2. When do you need credit?
    1. When you apply for a loan
    2. When you apply for a credit card
    3. When you apply for a house
    4. All of the above
  • 3. What does bad credit say about you?
    1. That you are hard to trust with a loan or credit card
    2. That you do not make much money
    3. That you are young
    4. That you watch a lot of bad movies
  • 4. What does good credit say about you?
    1. That you make a lot of money
    2. That you have many credit cards
    3. That you are easy to trust with a loan or credit card
    4. That you have a lot of Facebook friends

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