Credit and credit cards test
Authored by Melinda Brandt
Mathematics
9th - 12th Grade
CCSS covered
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
Interest rate charged for balances on a credit card.
APR
Principal
Collateral
Fees
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
Convenience, record-keeping, emergency cash, bonus points, purchase protection, fraud prevention, building credit are disadvantages of having a credit card.
True
False
3.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
Open line of credit that can be used for any purchases as long as you're under the limit; payments vary monthly based on size of the debt.
Fixed Rate
Loan
Revolving credit
Principal
4.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
A number, generally between 300 and 800, that reflects the credit history shown in a borrower's credit report.
credit history
credit score
credit application
credit life
5.
MULTIPLE CHOICE QUESTION
3 mins • 2 pts
The smallest amount of a credit card bill that a credit card holder must pay each billing cycle; usually between 3-10%.
maximin payment
fixed payment
minimum payment
APR payment
6.
MATCH QUESTION
10 mins • 10 pts
credit card
An agreement where you are given a fixed amount of money for a fixed period of time that you must pay back, usually with interest
debit card
A card issued by a financial company giving the holder an option to borrow funds; primarily used for short-term financing.
co-signer
Someone who legally agrees to take responsibility for a person's debt if they cannot repay it
loan
Debt tied to a specific tangible asset that can be used as collateral and repossessed if payments are not made.
collateral
A payment card that deducts money directly from a consumer's checking account to pay for a purchase.
7.
MATCH QUESTION
10 mins • 5 pts
Match the following
principal
The amount you pay for borrowing money
Interest
Any arrangement where you get "stuff" (money, goods, services), and agree to pay for it in the future
credit
companies that check your credit are.
credit report agencies
the amount originally borrowed
default
The failure to promptly pay when money is due; negatively affects your credit score!
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
