Credit Card Vocabulary
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Medium
+6
Standards-aligned
Audrey Caraveo
Used 326+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is APR?
the interest rate that you will pay on any unpaid balances
the interest rate that you will pay on any purchases
the fee you pay yearly for being a cardholder
the fee you pay monthly for being a cardholder
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is better?
a high APR
a low APR
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is an annual fee a good or bad?
Good!
Bad!
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an annual fee?
the interest rate you pay on any unpaid balances
the interest rate you pay on any purchases
the yearly fee you pay for being a cardholder
the monthly fee you pay for being a cardholder
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit limit?
the maximum amount of money you can borrow with one card
the minimum amount of money you can borrow with one card
the amount of money that you borrowed
the amount of money that must be repaid
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
What is a credit balance?
the maximum amount of money you can borrow with one card
the minimum amount of money you can borrow with one card
the actual amount of money that you borrowed/spent
the amount of money that must be repaid
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
What is a minimum payment?
the minimum amount of money you can pay back - you will have to pay interest on the unpaid balance
the minimum amount of money you can pay back - you will NOT have to pay interest
the maximum amount of money that you can borrow with a card
the amount that will be shown on your bill
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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