
Unit 6 Part 2 Test Review
Mathematics
12th Grade
CCSS covered
Used 11+ times

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31 questions
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1.
MATCH QUESTION
15 mins • 1 pt
Match the following
smallest amount you can pay each month
Minimum Payment
annual percentage rate
Grace period
time between the end of a cycle and bill
statement
timeframe where transaction are recorded
APR
a summary of all your transactions
Billing Cycle
2.
MATCH QUESTION
15 mins • 1 pt
Match the following
a fee charged once a year for having a cc
the max $ amount you can charge
fee on a cc for a missed payment
Late payment fee
Credit Line/Limit
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the annual percentage rate or APR?
The cost of borrowing money
A fee charged each year to use the credit card
Your minimum payment amount
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the amount you must pay by the due date on a credit card?
Minimum Payment
Interest
APR
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the definition of Grace Period?
The time between the end of a billing cycle and when your bill is due
The due date on your credit card bill
The time you have between a purchase on a credit card and the statement
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What may happen if you pay after the due date?
Be charged a late fee
See your interest rate change
Be charged an annual fee
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What happens to introductory interest rates for credit cards?
Remain the same while you have the credit card
will go down after the introductory period is over
will go up after the introductory period is over
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