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Introducing the Credit Card: Answer Guide

Exercise 2: How is credit measured?

Most of these questions refer to the following chart:

Credit score chart
  • 1. What would a 622 credit score be considered?
    1. Bad
    2. Answer: Fair
    3. Good
    4. Excellent
  • 2. What would a 425 credit score be considered?
    1. Answer: Bad
    2. Fair
    3. Good
    4. Excellent
  • 3. What range of scores describes people with “good” credit?
    1. 350-619
    2. 620-659
    3. Answer: 660-719
    4. 720-850
  • 4. What range of scores describes people with “bad” credit?
    1. Answer: 350-619
    2. 620-659
    3. 660-719
    4. 720-850
  • 5. What is the national average credit score?
    1. 455
    2. 561
    3. Answer: 691
    4. 720

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