Credit Credit Credit

Credit Credit Credit

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Easy

Created by

Wayground Content

Used 2+ times

FREE Resource

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19 questions

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1.

FLASHCARD QUESTION

Front

The cost of borrowing money is referred to as

Back

Interest

2.

FLASHCARD QUESTION

Front

The amount charged if your payment is received after the billing due date.

Back

late payment fee

3.

FLASHCARD QUESTION

Front

The maximum amount you are allowed to carry as a balance on the card

Back

credit limit

4.

FLASHCARD QUESTION

Front

One of the C's of credit that shows a person's willingness to pay is

Back

character

5.

FLASHCARD QUESTION

Front

This is a fee that some, but not all, credit card issuers charge to use their credit card.

Back

annual fee

6.

FLASHCARD QUESTION

Front

The amount you must pay on a credit card, based on a percentage of the outstanding balance.

Back

minimum payment

7.

FLASHCARD QUESTION

Front

Benefits of credit cards include: safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping.

Back

all of these

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