Credit Cards using Technology

Credit Cards using Technology

9th - 12th Grade

20 Qs

quiz-placeholder

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Credit Cards using Technology

Credit Cards using Technology

Assessment

Quiz

Professional Development

9th - 12th Grade

Easy

Created by

Steven Howard

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The least amount that must be paid on a credit card each month is

Late Fee
Credit Limit
Payment amount
Minimum Payment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Do not pay anything
Pay the minimum payment after its due date
Pay the minimum balance every month
 Pay the balance in full every month

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The credit company can charge interest if the credit card bill is not paid in full by the due date

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is best to pay more than the minimum due on your credit card.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It would be best to have a high credit score

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only making the minimum payment on a credit card every month will:

lower the amount total paid for the purchase
make you independently wealthy
take longer to pay off which will result in paying more interest, more money!
pay off the credit card faster

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is one advantage of having a credit card?

It prevents you from spending more than you earn.
It allows you to make purchases without carrying lots of cash.
It encourages you to budget your money wisely.
It helps you pay off debts that you may have.

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