Credit Card Review

Credit Card Review

10th - 12th Grade

15 Qs

quiz-placeholder

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Credit Card Review

Credit Card Review

Assessment

Quiz

Business

10th - 12th Grade

Medium

CCSS
RI.9-10.4, L.11-12.4C, L.6.4C

+6

Standards-aligned

Created by

Melissa Anderson

Used 20+ times

FREE Resource

15 questions

Show all answers

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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