Credit Cards

Credit Cards

10th Grade

15 Qs

quiz-placeholder

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Credit Cards

Credit Cards

Assessment

Quiz

Life Skills, Other

10th Grade

Practice Problem

Medium

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

+7

Standards-aligned

Created by

Tamarra James

Used 1K+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The cost of credit expressed as a yearly interest rate is known as:

Annual Percentage Rate (APR)
Annual Fee
Penalty APR
Introductory Rate

2.

MULTIPLE CHOICE QUESTION

1 min • 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

3.

MULTIPLE CHOICE QUESTION

1 min • 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.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an annual fee? 

The act of transferring money 
A fee charged by a card issuer for being a card holder. 
The days between the last statement and the current statement. 
A fee charged to a cardholder's account once a payment is late. 

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of penalty fees include:

over-the-limit fee
late payment fee
returned payment fee
all of these

6.

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 Discover

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is wise to compare credit card offers before choosing one

True
False

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