Review

What are some things to look at while searching for credit cards?

• Look for a credit card that offers rewards

• Look for a credit card that has a low APR

• 
  Look for a credit card that has a low annual fee

• 
  All of the above

Austin’s credit card company allows him 25 days after he receives his statement to pay off his balance. What is the 25 days known as?

• Break Period

• Grace Period

• Block Period

• False Period

What is the typical length someone leases a car for?

• 
  2 – 3 years

• 
  3 – 4 years

• 4 – 5 years

• 4 – 6 years

Sam told his car salesman that he has the lowest credit score someone can have. What is his credit score?

• 300

• 250

• 400

• 325

What type of person transfers credit card balances from one card onto another?

• 
  Revolver

• Card Hacker

• Deadbeat

• Balancer

When Roman spends money on his Best Buy credit card he receives money for every $10 he spends. What is another word for the money Roman is receiving?

• Rebate

• Rewards

• Incentives

• Cash Allowance

Which of the following is NOT a form of credit?

• Home Equity Loan

• Cash

• Car Loan

• Personal Loan

The MSRP of a car is valued at $35,990. What is the amount financed if there is a $3,500 down payment, a $1,500 trade-in value, and a $1,500 cash back promotion?

• $35,990

• $30,490

• $29,490

• $30,990

Ella has never missed a payment on her credit card and has a credit score of an 800. Would her character be good or bad?

• Good

• Bad

What type of person is someone who carries a balance from month to month on their credit card?

• Deadbeat

• Revolver

• Card Hacker

• Balancer