Credit Scores & Reports
Authored by Dioscelina Zavala
Education, English
9th - 12th Grade
Used 2+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which term represents interest and all other fees added on credit purchases?
annual fee
annual percentage rate
finance charges
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What fee will you pay if you go over your credit limit?
over-the limit-fee
introductory rate
grade period fee
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The highest amount that can be charged to an account is called?
credit limit
APR limit
minimum payment limit
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the annual interest rate you'll be charged if you carry a balance?
annual percentage rate
introductory rate
credit agency rate
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Introductory rates are also known as what?
teaser rates
annual percentage rates
annual fee rates
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is one example of revolving credit?
A type of credit that can be used again and again as long as the minimum monthly payments are made. Most credit cards are revolving credit.
A type of credit that can not be used again once the purchase is paid off. Most examples of revolving credit are loans.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is one example of non-revolving credit?
A type of credit that can be used again and again as long as the minimum monthly payments are made. Most credit cards are non-revolving credit.
A type of credit that can not be used again once the purchase is paid off. Most examples of non-revolving credit are loans.
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