Credit Card Loan

Credit Card Loan

11th - 12th Grade

13 Qs

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Credit Card Loan

Credit Card Loan

Assessment

Quiz

Other, Professional Development

11th - 12th Grade

Hard

Used 5+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which one of these cards will offer you a loan on demand?

Charge Card
Debit Card
Bonus Card
Credit Card

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Could you find this symbol on a regular credit card?

Yes, of course!
No.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Charged when a cardholder does not make the minimum monthly payment by the due date:

APR
Late-Payment Fee
Annual Fee
Over-The-Limit Fee

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The cost of credit expressed as a yearly interest rate:

APR
Credit Limit
Annual Fee
Introductory Rate

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The maximum amount of charges allowed to an account:

APR
Credit Limit
Annual Fee
Introductory Rate

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

People under the age of 18 can never receive a credit card.

True
False
Only if it's a prepaid card.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How can you avoid paying interest fees on your credit card?

Only use it for groceries.
Pay off the full balance on time, each month.
You cannot avoid interest fees.
Only use contactless payment.

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