A Business Education- Finance Test Quiz!

8 Questions | Attempts: 655
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Business Finance Quizzes & Trivia

This quiz covers questions regarding finance and the topic of credit. Questions will include multiple-choice, fill in the blank, and essay questions.


Questions and Answers
  • 1. 
    What is credit limit?
    • A. 

      It is the amount spent each month on your credit card.

    • B. 

      It is the total amount of credit issued to the user determined by the credit card company.

    • C. 

      The limit that the credit card user allows themselves to spend.

    • D. 

      The limit of places that take credit cards.

  • 2. 
    Credit card issuers determine your worthiness to have their card by your ________.
  • 3. 
    List and define the 5 C's of credit.
  • 4. 
    How can you build a good credit history?
    • A. 

      Buy as much as you can on your credit card each month.

    • B. 

      Open a checking and savings account.

    • C. 

      Pay your bills on time consistently.

    • D. 

      Get as many credit cards as you can.

  • 5. 
    What should you do if you're having trouble paying your credit card bills?
    • A. 

      Use another card to pay them off.

    • B. 

      Work with your creditors to determine how to best repay your obligations.

    • C. 

      Borrow money from family or friends.

    • D. 

      All of the above.

  • 6. 
    High loan capital means the business is likely to suffer during times of rising interest rates.
    • A. 

      True

    • B. 

      False

  • 7. 
    If interest rates in an economy increase, dividend payments to shareholders will also have to increase.
    • A. 

      True

    • B. 

      False

  • 8. 
     Initial public offering is not a source of finance for an ordinary partnership.
    • A. 

      True

    • B. 

      False

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