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Free money test · ages 10 and up

Credit Quiz for Kids and Teens

10 quick questions with instant answers and explanations. No sign-up needed.

Captain Coin, the Wealthonauts mission leader

This credit quiz for kids and teens tests how well you understand borrowing, interest, credit reports and credit scores. It follows Nova’s quest from her first borrowed star coin to a business with credit of its own. Each question comes with a short explanation, and a few include simple math you can check yourself.

The quiz is free, and anyone can take it. Ages 10 and up is a good starting point, and grown-ups who are new to credit are welcome too. Real credit accounts are for adults, so this is a chance to learn the rules early. Get 8 or more right to show you are ready for the next step.

What this test covers

  • What credit is and kinds of credit
  • Interest and the grace period
  • Collateral and loans
  • Credit reports and inquiries
  • What builds a credit score
  • Authorized users and credit freezes
  • Business credit and personal guarantees

How it works: answer all 10 questions, then press “Check my answers.” Get 8 or more right to pass. You’ll see why each answer is right, plus what to read or take next. No sign-up needed, and your answers are not saved.

Take the test

Ages 10 and up — and anyone who wants to learn this.

  1. Question 1 of 10A car loan gives you one amount that you repay in scheduled payments until it reaches zero. What kind of credit is that?
  2. Question 2 of 10You borrow $200 for one year at 10% interest. How much interest do you pay?
  3. Question 3 of 10On most credit cards, how can you usually avoid paying interest on new purchases?
  4. Question 4 of 10On an auto loan, what can the lender take back if the payments stop?
  5. Question 5 of 10Which of these is NOT listed on a credit report?
  6. Question 6 of 10For most people, which factor counts the most in the most widely known credit scores?
  7. Question 7 of 10Does checking your own credit report hurt your score?
  8. Question 8 of 10At 16, Nova was added as an authorized user on her parent's card. Who is responsible for paying the bill?
  9. Question 9 of 10What does a credit freeze do?
  10. Question 10 of 10To get a business loan, Nova signs a personal guarantee. What does that mean?

Want to really understand it?

This test is based on Credit Quest — Personal and Business Credit, Book 12 of The Wealthonauts Adventures. Ages are a starting point, not a limit: plenty of teens and grown-ups are learning these ideas for the first time. Read the book online, take the matching Wealthonauts course, then come back and test yourself again.

More free tests: see all 12 money tests.