Credit Cards

Credit Cards

10th - 12th Grade

10 Qs

quiz-placeholder

Similar activities

Central Bank

Central Bank

8th - 12th Grade

10 Qs

REVISION : ACCOUNTING FOR CASH & ACCOUNTING FOR RECEIVABLES

REVISION : ACCOUNTING FOR CASH & ACCOUNTING FOR RECEIVABLES

12th Grade

11 Qs

Penilaian Pengetahuan Komputer Akuntansi XII - 1

Penilaian Pengetahuan Komputer Akuntansi XII - 1

11th - 12th Grade

10 Qs

Salmonella Enteritidis

Salmonella Enteritidis

6th - 12th Grade

10 Qs

NWL FF QUIZ BEE_ Level 2 PROMO EXPERT

NWL FF QUIZ BEE_ Level 2 PROMO EXPERT

1st - 10th Grade

15 Qs

Video Vocab One

Video Vocab One

9th - 12th Grade

10 Qs

GST Basics

GST Basics

12th Grade

10 Qs

Develop an understanding of debt and consumer credit

Develop an understanding of debt and consumer credit

10th Grade

11 Qs

Credit Cards

Credit Cards

Assessment

Quiz

Other

10th - 12th Grade

Practice Problem

Medium

CCSS
RI.9-10.4, RI.11-12.3, RI.11-12.4

+6

Standards-aligned

Used 110+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each purchase is a loan that is repaid later.

Debit Card
Credit Card

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is credit?

Money allocated to a specific account for future use by the consumer without borrowing
Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
The ability and willingness of an individual to pay back a loan as perceived by the lender
An individual’s character, capital, capacity, collateral and conditions

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one characteristic of open-end credit?

A down payment must be made before receiving the loan

Individuals are allowed to borrow an unlimited amount of money as long as they pay it back

Credit is extended in advance so the borrower does not have to apply for credit each time credit is desired

Payments are equal and are required on a regular basis

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Amount charged if your payment is received after the billing date

late payment fee
overdue fee
withdrawal fee
loser fee

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

interest
ARP
credit line
all of these

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

APR
annual fee
monthly fee
no such thing

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount based on the percentage of the outstanding balance, or a minimum fixed amount

minimum monthly fee
minimum monthly payment
minimum monthly statement
minimum monthly charge

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?