Ch 123: NMTA Social Science: Credit & Debt

About This Chapter

Pass your NMTA Social Science exam with a little help from these video lessons on credit and debit. We'll get you ready for test questions covering such topics as consumer credit types, credit protection services and creditor rights.

NMTA Social Science: Credit & Debit - Chapter Summary

Prepare for NMTA Social Science questions testing your ability to teach students about the importance of building and maintaining healthy credit. Lessons in this chapter cover the following topics:

  • Types of consumer credit
  • Credit protection laws
  • Assessment of credit reports
  • The rights of creditors
  • Loan selection

Video lessons and quizzes can be used to affirm your understanding of exam topics or revisit those you might not be familiar with. You can also access transcripts with links to supplementary text lessons if you need a refresher on economics vocabulary terms.

NMTA Social Science: Credit & Debit Objectives

The NMTA Social Science exam includes around 150 multiple-choice questions covering such areas as U.S. and world history, geography, government and economics. Passing test scores can qualify applicants for social science teaching licensure in New Mexico.

Use the lessons in this chapter to prepare for economics test questions assessing your knowledge of personal finance principles, including consumer protection laws and the types of credit. These and other economics concepts account for around 12% of exam questions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the NMTA Social Science (303): Practice & Study Guide course