Hall Principles of Business 8th grade final exam review #3

When you put money into your checking account, you will fill out a

• deposit slip.

• signature card.

• check register.

• check stub.

According to the image, what is the APR for this credit card?

• 1.65%

• 19.8%

• 0.054%

What is the minimum payment required for this credit card?

• $168.00

• $125.24

• $20.00

What is the new balance amount for this credit card statement?

• $125.24

• $20.00

• $168.80

What is the closing date of this credit card statement?

• 3/09/01

• 2/13/01

• There is no statement date listed

What is the credit limit for this credit card account?

• $1200.00

• $1074.7

• $125.34

• $20.00

In the check image, letter "B" represents what part of the check?

• drawee

• drawer

• payee

• payer

In the check image, the letter "D" represents what part of the check?

• payer's signature

• drawee's signature

• payee's signature

• memo line

In the check image, the letter "E" represents what part of the check?

• customer information

• drawee's signature

• date

• memo line

When is using a credit card a good idea?

• You want something now that you can’t afford ever.

• You have the money to buy what you need now.

• You want something and have included it in your budget

• You need something now but won’t have the money until the next time you get paid.