Credit Cards

Credit Cards

Assessment

Flashcard

Mathematics

11th - 12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, RI.9-10.4, RI.11-12.3

+7

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the cost of credit expressed as a yearly interest rate?

Back

Annual Percentage Rate (APR)

Tags

CCSS.7.RP.A.3

2.

FLASHCARD QUESTION

Front

True or False: Having a high credit score will allow lenders to give you lower interest rates.

Back

True

3.

FLASHCARD QUESTION

Front

How can a cardholder avoid paying interest on a credit card?

Back

Pay the balance in full every month.

4.

FLASHCARD QUESTION

Front

How do credit card companies make money?

Back

By charging late fees and interest to their customers.

5.

FLASHCARD QUESTION

Front

Why would your credit provider give you a credit limit?

Back

To prevent you from spending more money than you can pay back.

6.

FLASHCARD QUESTION

Front

What does APR stand for?

Back

Annual Percentage Rate.

Tags

CCSS.7.RP.A.3

7.

FLASHCARD QUESTION

Front

What is a credit score?

Back

A numerical representation of a person's creditworthiness.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

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