Unit 3 - Borrowing money
Authored by Julio Javier guirao soto
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Professional Development
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of borrowing money is referred to as
Interest
Annual Percentage Rate
Credit
Credit Line
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is considered a danger of using a credit card
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who pay off their credit card balance in full every month will pay less in interest on their credit card.
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR stand for?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a financial institution is:
A department store
A bank
A school
An ATM machine
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online banking is an electronic way to view account activity and pay bills via the internet.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank is a not-for-profit financial institution.
True
False
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