Credit Card Knowledge

Credit Card Knowledge

11th - 12th Grade

10 Qs

quiz-placeholder

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Credit Card Knowledge

Credit Card Knowledge

Assessment

Quiz

Other

11th - 12th Grade

Medium

CCSS
RI.9-10.4, L.11-12.4C, RI.11-12.4

+6

Standards-aligned

Used 81+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

A credit card is a source of free money.

True
False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Money that you have to pay every year for using a credit card.

Yearly Fee
Anniversary Fee
Annual Fee
Term Fee

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How old to you have to be to apply for a credit card?

21
18
16
25

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What does APR stand for?

Annual purchase rate
Annual percentage rate
Approximate payment rotation
Authorization processing rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum amount you may borrow on a credit card is known as:

creditworthiness
credit report
credit limit
variable rate of credit

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Over time, people who pay off their credit card balance in full every month will pay less in interest on their credit card.

true
false

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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
all of these

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