Financial Literacy Quiz 3/1

What is Annual Percentage Yield (APY)?

• A detailed listing of an individual's credit history

• A card that allows a bank's customer to pay for goods using money from their account

• A percentage that is paid to customers based on the account balance in an account for a year

• A number used by lenders to rate how likely it is that a person will repay their debts

What does a debit card ?

• Borrow a certain amount of money and pay the borrowed money back at a later time

•  a card that allows a bank's customer to pay for goods using money from their account

  
  

• Add a percentage of the balance on the credit card to the cost of the purchase

• Rate how likely it is that a person will repay their debts

What is interest?

• A detailed listing of an individual's credit history

• A card that allows a person to borrow money

• An additional charge for borrowing money, usually a percentage of the amount borrowed

• A number used by lenders to rate how likely it is that a person will repay their debts

What is a credit score?

• A percentage that is paid to customers based on the account balance in an account for a year

• A card that allows a bank's customer to pay for goods using money from their account

• A detailed listing of an individual's credit history

• A number used by lenders to rate how likely it is that a person will repay their debts

What is a circle graph?

•  otherwise known as a pie chart, it displays categorical data using sectors, or "wedges", of a circle

  
  

• A circle graph is a 3D representation of numerical data.
• A circle graph is a linear representation of data.
• A circle graph is a square-shaped statistical graphic.

What is a credit card?

• A credit card is a type of insurance policy
• A credit card is a form of cryptocurrency
• A credit card is a type of grocery store membership card
• a card that allows a person to borrow a certain amount of money and pay the borrowed money back at a later time

  
  

What is an interest rate?

• An interest rate is the price of a stock on the market
• An interest rate is the cost of groceries at a supermarket
• the percentage of the balance on the credit card that is added to the cost of the purchase

  
  

• An interest rate is the speed at which a car can travel

What is a credit report?

• A credit report is a report of an individual's employment history
• A credit report is a report of an individual's criminal record
• A credit report is a summary of an individual's medical history
• a detailed listing of an individual's credit history

  
  

What is credit history?

• includes a record of all loans, credit card debt, late payments etc.

  
  

• A log of a person's daily exercise routine
• A summary of a person's favorite movies
• A list of a person's favorite foods