Search Header Logo

Credit Card Characteristics

Authored by Bethany Berkowitz

Business

10th - 12th Grade

Used 7+ times

Credit Card Characteristics
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

21 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What period do you have financial literacy?

2nd Period

3rd Period

4th Period

6th Period

8th Period

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The cost of credit expressed as a yearly interest rate is known as:

Annual Percentage Rate (APR)
Annual Fee
Penalty APR
Introductory Rate

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The maximum amount you may borrow on a credit card is known as:

creditworthiness
credit report
credit limit
variable rate of credit

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is an annual fee? 

The act of transferring money 
A fee charged by a card issuer for being a card holder. 
The days between the last statement and the current statement. 
A fee charged to a cardholder's account once a payment is late. 

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How can you avoid paying interest fees on your credit card?

Only use it for groceries
pay off the full balance, on time, each month
you cannot avoid interest fees
only use Discover

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a credit card?

a card that is used for the purchase of goods and services now and payment of them later​

a card that is connected to your bank account

a card that lets you buy a specific item now and pay it back later

money that has been given to you on a card as a gift

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Paying the minimum payment on a credit card every month will:

Pay a large percentage of the total balance owed every month
Make the final amount paid substantially higher than the amount initially charged to the card
help the cardholder create a plan for paying of a credit card in a decent amount of time
allow the cardholder to avoid paying any interest charges 

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?