Unit 12 Review
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
Standards-aligned
Sarah Fucsko
Used 1+ times
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11 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these ARE characteristics of a credit card? (check ALL that apply)
linked to a deposit account
impacts credit score
you pay interest
borrowed money
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these ARE characteristics of a DEBIT card? (check ALL that apply)
linked to a deposit account
helps to avoid high-interest debt
you pay interest
borrowed money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: A credit card draws money from funds that have been deposited in a customer's bank account.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Suppose you earn 1.5% cash back at grocery stores and 1% on all other purchases. If you spent $485.72 at the grocery store and $671.28 on all other purchases, how much would your cash back be?
$14.00
$11.57
$17.53
$17.36
Tags
CCSS.6.RP.A.3C
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You have a $3,700 limit on your credit card. What is the largest balance you should carry on this card to maintain an acceptable debt ratio?
$185
$1,591
$7,400
$1,850
Tags
CCSS.6.RP.A.3B
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You have a remaining balance of $4,500 on your 22.79% APR credit card. How much will you pay on the 1st day of the billing cycle (credit cards are compounded daily)?
https://www.calculatorsoup.com/calculators/financial/compound-interest-calculator.php
$4,585.06
$5,525.55
$4,584.29
$4,502.81
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You have a remaining balance of $4,500 on your 22.79% APR credit card. How much will you pay on the 30th day of the billing cycle (credit cards compound daily)?
https://www.calculatorsoup.com/calculators/financial/compound-interest-calculator.php
$4,502.81
$4,585.06
$4,584.29
$5,525.55
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