
Intro to Credit Cards
Authored by Steven Howard
Computers
12th Grade

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25 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Paying the minimum payment on a credit card every month will:
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Sarah will turn 18 next month. She plans to apply for a credit card. Which statement is true?
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Megan’s credit card statement indicates that she is now paying a Penalty APR. Which scenario bestdescribes what may have happened?
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The cost of credit expressed as a yearly interest rate is known as:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A pre-approved amount of money which can be used for the purchase of goods and services now and payment of them later
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A record of a person's credit history that includes information about credit cards as well as the use of other types of credit and loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased interest rate if the credit card holder breaks the terms of the card contract
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