Credit Card Quiz

Credit Card Quiz

12th Grade

14 Qs

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Credit Card Quiz

Credit Card Quiz

Assessment

Quiz

History

12th Grade

Medium

Created by

Tamara Rice

Used 1+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does a credit card represent?

A personal identification card

A prepaid spending card

A line of credit

A discount membership card

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

How is a credit card different from a debit card?

With a credit card, you are using the bank's money each time you make a purchase.

With a credit card, you are using your own money from a prepaid account.

With a credit card, you get discounts on every purchase.

With a credit card, you can only withdraw cash from ATMs.

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Why can credit cards be considered dangerous?

They offer unlimited funds.

They are difficult to obtain.

They can lead to serious debt.

They discourage spending.

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is one reason credit cards are easy to abuse?

They require immediate payment.

They are only issued to high-income individuals.

They allow you to buy things you can't afford.

They come with low-interest rates.

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

On average, how many credit cards does a credit card holder in the U.S. have?

Two

Four

Six

Eight

6.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

How much does the average household in the U.S. owe in credit card debt?

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is an annual fee in the context of credit cards?

The cost of the rewards program associated with the credit card

The money that you have to pay every year for using the credit card

The interest charged on purchases made with the credit card

A one-time payment required to open a new credit card account

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