Financial literacy test questions well
verified answers
Which age group has the highest percentage of people with a credit score of 620 or less? -
correct answer ✔✔ 30- 39 age Groupe
2. At which age group do you start to see a greater number of people with a score higher than
780 when compared to less than 620 - correct answer ✔✔ On the age 50 on up is when there is
way more people compared to 620
What is the scale for minimum to maximum possible credit score? - correct answer ✔✔ 300 to
850
What are the four main ways to view your credit score? - correct answer ✔✔ Check credit card
or other loan statements, talk to a nonprofit counsuler, use a credit score service, and buy a
score
. If you're using the Snowball Method, which debt do you focus on first after you've made all of
your minimum payments?
a. Highest balance
b. Lowest interest rate
c. Lowest balance
d. Highest interest rate - correct answer ✔✔ C. Lowest balance
If you're using the High Rate Method, which debt do you focus on first after you've made all of
your minimum payments?
a. Lowest interest rate
verified answers
Which age group has the highest percentage of people with a credit score of 620 or less? -
correct answer ✔✔ 30- 39 age Groupe
2. At which age group do you start to see a greater number of people with a score higher than
780 when compared to less than 620 - correct answer ✔✔ On the age 50 on up is when there is
way more people compared to 620
What is the scale for minimum to maximum possible credit score? - correct answer ✔✔ 300 to
850
What are the four main ways to view your credit score? - correct answer ✔✔ Check credit card
or other loan statements, talk to a nonprofit counsuler, use a credit score service, and buy a
score
. If you're using the Snowball Method, which debt do you focus on first after you've made all of
your minimum payments?
a. Highest balance
b. Lowest interest rate
c. Lowest balance
d. Highest interest rate - correct answer ✔✔ C. Lowest balance
If you're using the High Rate Method, which debt do you focus on first after you've made all of
your minimum payments?
a. Lowest interest rate
