JAG Final Exam

Another name for credit score is your...

• FHA

• FIFA

• FICO

• FENDI

Credit cards pay for your purchases, you pay the...

• Police

• Bank/Lender

• Purchases

• Fee

You cannot spend more than this amount, this is your credit...

It is good to keep your credit utilization under what percent?

Your credit card bill is due every...

• Week

• 2 weeks

• Month

• Year

If you do not pay your credit card bill on time, you will be charged...

• Lawyer fees

• Interest

• Government tax

• State tax

APR stands for

Never charge more on the card than you can pay back each month.

• True

• False

If you have a outstanding balance try and pay it down as quickly as possible.

• True

• False

A secured credit card allows you to...

• spend an unlimited amount of money

• only spend money that you have

• spend as unlimited amount of money as long as you pay it back

• not have a credit limit