Credit Quiz 20 (6 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What is the debt snowball method?

Correct Answer: B) You pay smallest to largest.

2. In order to have good credit you need to .....

Correct Answer: D) Keep your credit card balances low and pay them on time.

3. External conditions that affect your ability to repay a debt?

Correct Answer: D) Conditions.

4. Reserve bank of India grants loans to

Correct Answer: C) Commercial Banks.

5. Always pay on time so you don't get a ..... .....

Correct Answer: A) Late fee.

6. A simple definition of credit could be stated as .....

Correct Answer: D) Buy now, pay later.