The Disadvantages & Advantages of Credit Cards
Flashcard
•
Mathematics
•
11th - 12th Grade
•
Practice Problem
•
Hard
+14
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a potential negative consequence of using credit cards excessively?
Back
A snowball effect in which you become buried deep in credit card debt.
2.
FLASHCARD QUESTION
Front
What often happens shortly after opening a credit card?
Back
You receive multiple offers to open other credit cards.
3.
FLASHCARD QUESTION
Front
How can credit cards assist in financial management?
Back
They allow you to track your expenses, which can help you maintain your budget.
4.
FLASHCARD QUESTION
Front
What risk do credit cards pose to financial health?
Back
They can place your financial health into serious jeopardy.
Tags
CCSS.RI.7.2
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.8.1
CCSS.RL.9-10.2
5.
FLASHCARD QUESTION
Front
What is a primary cause of serious credit card debt?
Back
Irresponsible spending habits.
Tags
CCSS.RI.4.3
CCSS.RI.5.3
CCSS.RI.6.3
CCSS.RI.7.3
CCSS.RI.8.3
6.
FLASHCARD QUESTION
Front
What is the advantage of having a credit card for emergencies?
Back
It provides immediate access to funds when unexpected expenses arise.
Tags
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.7.1
CCSS.RL.8.1
CCSS.RL.9-10.2
7.
FLASHCARD QUESTION
Front
What is a common feature of credit cards that can lead to debt?
Back
High-interest rates on unpaid balances.
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