Chapter 7 Vocabulary
Quiz
•
English
•
12th Grade
•
Medium
+6
Standards-aligned
Rod Carroll
Used 10+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit card?
A card that allows you to buy items now and pay for them later
The cash borrowed from a credit card account
A fee you pay each month for borrowing money
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does monthly statement mean?
A form like a bank statement sent by your credit card company to bill you for what you owe every month and to update you on the status of your account.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "minimum payment" refer to?
The most money you can borrow on a credit card
The amount of a return or payment on a monthly statement
The least amount of your balance that you must pay to the credit card company each month
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is a co-applicant?
A person who applies with you for a credit card account
The amount you can still charge on your card
A fee you pay each month for borrowing money
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by "balance" in the context of credit cards?
The most money you can borrow on a credit card
The total amount of money you owe on your account
The amount of a return or payment on a monthly statement
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a finance charge?
The cash borrowed from a credit card account
A fee you pay each month for borrowing money; it is based on a certain percent of the balance not paid
The amount of a return or payment on a monthly statement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR stand for?
Annual Percentage Rate
Available Payment Rate
Account Payment Requirement
Automated Payment Reminder
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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