Annual fee definition

When a credit card company charges you a fee each YEAR

When you withdraw money from the ATM and it charges you $1.50.

Credit scores are based on certain criteria such as

how much credit card debt you have

If you withdraw cash from an ATM with your Credit Card, what happens?

Interest will start to be charged right away.

A Pre-paid credit card

is not connected to your bank account.

is connected to your bank account.

The higher your credit score, the more likely you are to...

get a good interest rate on a car loan.

get the apartment of your dreams.

When you write a check from your checking account this is a:

Debit subtracted from your balance

Credit subtracted from your balance.

A checking account is:

An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.

An interest bearing account where your deposit remains for a set period of time.

A computer program that checks your email account.

Reasons for making a budget include:

All of the above choices are correct.

To keep track of your income and expenses.

To achieve your long term goals.

How can a cardholder avoid paying interest on a credit card?

Pay the balance in full every month.

Pay the minimum balance every month.

Pay the minimum payment after the due date

A detailed report of your credit history prepared by a credit bureau and used by a lender to determine creditworthiness is called a:

Certificate of Creditworthiness

Which situation shows a financially responsible citizen?

Only buying items that you CAN afford

Purchasing an expensive automobile you CANNOT afford.

Hiding your money under your mattress.

Grants are mostly available to students who:

Have filled out the application

Who has the better credit score?

Monthly Income: $3,300 Credit Care Balance: Pays Full Balance Student Loan Payment: $100

Monthly income: $1900 Credit Card Payment: $48 Credit Card Balance: 3857 Car Loan Payment: $218 Two late car loan payments

Financial Literacy 100-Questions

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Financial Literacy 100-Questions

Quiz

•

Life Skills, Business

•

9th - 12th Grade

•

Practice Problem

•

Medium

•

CCSS

RI.9-10.4, 6.RP.A.3C, RI.11-12.5

+37

Standards-aligned

Almecia Watkins

Used 10+ times

FREE Resource

100 questions

Show all answers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial Literacy is having the knowledge, understanding, and skills necessary to become an effective consumer.

True

False

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using a credit card allows you to...

put money into a savings account.

purchase something now and pay for it later.

take money directly from your checking account.

All of these are examples of types of credit except:

savings account

college loan

credit cards

car loan

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are also all types of credit except:

car loan

college loan

checking account

home mortgage loan

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before signing up for a credit card, you will want to find out...

if there is an annual fee.

what the interest rate is on purchases.

what types of late fees could be charged.

all of these are correct.

A credit card company usually has a grace period for purchases. A grace period is...

the time period after you make a purchase until the time the interest starts to get charged.

the time period where interest builds on the amount you purchased.

When you sign up for a credit card you will get a lengthy document explaining things, it is the

lease

title

after math document

terms of agreement

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Financial Literacy 100-Questions

100 questions

Financial Literacy is having the knowledge, understanding, and skills necessary to become an effective consumer.

Using a credit card allows you to...

All of these are examples of types of credit except:

These are also all types of credit except:

Before signing up for a credit card, you will want to find out...

A credit card company usually has a grace period for purchases. A grace period is...

When you sign up for a credit card you will get a lengthy document explaining things, it is the

Overspending and accumulating too much debt can ruin your credit score

Annual fee definition

Credit scores range from _ to _.

Create a free account and access millions of resources

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Discover more resources for Life Skills

Financial Literacy 100-Questions

100 questions

Financial Literacy is having the knowledge, understanding, and skills necessary to become an effective consumer.

Using a credit card allows you to...

All of these are examples of types of credit except:

These are also all types of credit except:

Before signing up for a credit card, you will want to find out...

A credit card company usually has a grace period for purchases. A grace period is...

When you sign up for a credit card you will get a lengthy document explaining things, it is the

Overspending and accumulating too much debt can ruin your credit score

Annual fee definition

Credit scores range from _____ to _____.

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Life Skills

Credit scores range from _ to _.