
Understanding Credit Cards
Interactive Video
•
Business, Life Skills, Education
•
9th - 12th Grade
•
Easy

Mia Campbell
Used 30+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common misconception about credit cards?
They do not affect your credit score.
They are only for emergencies.
They are a form of free money.
They are only for people with high income.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did John E Finance find lacking in his formal education?
Skills in accounting.
Understanding of personal finance management.
Experience in real estate.
Knowledge about stock markets.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is essential before applying for your first credit card?
Being over 25 years old.
Having a source of income.
Owning a car.
Having a high school diploma.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a secured credit card?
A card with no spending limit.
A card that requires a deposit as collateral.
A card that does not require a credit check.
A card that offers cashback rewards.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can responsible credit card use affect your credit score?
It can make it harder to get loans.
It can improve your credit score.
It has no effect on your credit score.
It can lower your credit score.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a good credit score important?
It increases your bank account balance.
It guarantees you a job.
It helps you get lower interest rates on loans.
It allows you to avoid taxes.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can happen if you have a low credit score?
You will receive more credit card offers.
You will have higher interest rates on loans.
You will be exempt from paying rent.
You will automatically qualify for a mortgage.
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