1. Your credit history will never affect your ability to get a good job.

2. One big reason you could be denied credit is that you do not make enough money (another way to say that is that you do not have sufficient income).

3. No matter what the other terms are, you should always apply for the credit card that has the lowest interest rate.

4. One good reason to have a credit card is that it is more convenient to order items over the telephone.

5. What information will you have to provide to get a credit card?

a) Current address

b) The year you graduated from high school

c) Full name

d) Your addresses for the past five years

e) A, c, and d

6. How often should you order a copy of your credit report?

a) Whenever you are getting ready to borrow money.

b) Don’t order a copy of it. It costs money.

c) Order a copy at least once a year.

d) When you get a divorce.

7. Which of the following is Not one of the Five C’s of Credit.

a) Character

b) Capacity

c) College degree

d) Capital

e) Conditions

8. Which do you think you should shop for first, your new home or the money to finance the new home?

a) New home

b) Money to finance a new home.

9. When should you not consider buying a home.

a) When you think you do not have a large enough down payment.

b) When you have just come through a divorce

c) When you are starting a new job

d) When you are fairly sure you are going to move within a year.

1. Annual property taxes usually run between 1% and 3% of the cost of your home.

2. You can borrow money to build a home and the type of loan you have during the time you are building the home is called a construction loan.