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Getting a Credit Card Quiz

Authored by Katie C

Life Skills

9th Grade

Used 4+ times

Getting a Credit Card Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the interest rate that a user of a credit card will pay? It's different for different credit cards.

credit

APR

finance charge

minimum payment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making purchases now and paying for them later refers to...

principal

creditor

debit

credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the card you use to make purchases and pay for them later?

credit card

debtor

interest rate

debit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call a bank or business that extends credit to others?

(a lender)

banker

debtor

creditor

credit card technician

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the card you use to make purchases? It instantly deducts money from your checking account

checking card

credit card

ATM card

debit card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call someone who owes money (a borrower)?

banker

lender

creditor

debtor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a fee for borrowing money (added to monthly credit card bill)?

minimum payment

principal

finance charge

APR

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