
Credit Recap
Authored by Nicole Himmel
Business
9th - 12th Grade
Used 3+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR mean?
Annual Pricing Range
Annual Percentage Rate
Alternative Price Rate
Alternative Percentage Range
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the APR indicate?
Fee charged for using the card
Fixed Interest Rate on card
Interest Rate you pay on the balance of the card
Range of payments you can make on a credit card
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following fees do we commonly see listed in the Schumer Box?
Annual Feel
Penalty Fees
Transaction Fees
All of these fees should be listed in the Schumer Box
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason young people often obtain credit cards?
Borrow Money
Build a credit history
Gain Interest on their spending
Enables them to pay all their bills at a later time
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
You should always us all the credit offered to you.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
Making minimum payments will help you pay off your card in a short period of time.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
Lower APRs mean that you will be paying less interest on a credit card balance.
True
False
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