Buy now, pay later Unit 3 Quiz

Buy now, pay later Unit 3 Quiz

9th - 12th Grade

10 Qs

quiz-placeholder

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Buy now, pay later Unit 3 Quiz

Buy now, pay later Unit 3 Quiz

Assessment

Quiz

9th - 12th Grade

Easy

Created by

Jennifer Nixon

Used 4+ times

FREE Resource

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If you're considered an "unknown credit risk" you will have to:

forget about borrowing money

establish a credit history

only use cash

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of these activities helps you get a good credit rating:

making debt payments on time

missing a debt payment

using cash for everything

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

An annual service fee, has to be paid

once a year

every month

every day

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The due date is the _______________ day you can pay your bill without being charged a fine.

only

last

first

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The least you must pay on a credit card balance is the

minimum payment

emergency payment

interest payment

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The higher the APR ( annual percentage rate ) the

less your minimum payment is

more it costs to pay off a credit card debt

more you pay in annual service fees

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

One good way to lower the cost of a loan is to

pay high interest

take several years to pay

make a large down payment

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