Credit Cards and Borrowing

Credit Cards and Borrowing

9th - 12th Grade

17 Qs

quiz-placeholder

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Credit Cards and Borrowing

Credit Cards and Borrowing

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

CCSS
RI.9-10.4, RI.9-10.3, 7.RP.A.3

+8

Standards-aligned

Created by

Susan Miller

Used 233+ times

FREE Resource

17 questions

Show all answers

1.

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

2.

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.9-10.3

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.8.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What is the best way to avoid credit card debt? Choose the best answer.
Use several credit cards to avoid putting too much money on one card.
Don't spend more money than you have.
Only use credit cards to by 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of borrowing money is referred to as 
Interest 
Annual Percentage Rate 
Credit 
Credit Line 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good practice when it comes to credit cards?

getting as many credit cards as possible

paying only the minimum

charging anything you want

paying the amount charged in full each month

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There’s no penalty if I pay my credit card balance after the due date.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Having a high credit score will allow lenders to give you lower interest rates.
True
False

Tags

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RI.7.4

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