Credit Cards

Credit Cards

12th Grade

25 Qs

quiz-placeholder

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Credit Cards

Credit Cards

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Medium

CCSS
RI.9-10.4, 7.RP.A.3, RI.8.2

+15

Standards-aligned

Created by

Mr. Lane

Used 10+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Benefits of credit cards include:

safe and convenient

builds your credit

bonuses/rewards

all of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

There’s no penalty if I pay my credit card balance after the due date.

True

False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Using credit cards could lead to spending money you don't actually have.

True

False

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What will NOT help you build your credit history? Hint: which of these does not involve borrowing money?

Auto loan

Credit Card

Debit Card

Home mortgage

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is true about credit card interest?

It only applies if you pay off your balance in full.

It’s charged on all purchases immediately.

It’s charged on the unpaid balance if you carry it to the next month.

You’re always charged interest regardless of payment.

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a credit card grace period?

The time before interest is charged on new purchases

The time before you can use the card after activation

A bonus period where purchases are free

The period when the cardholder gets a reward

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens if you only pay the minimum payment on a credit card?

You are not charged any interest.

You will pay interest on the remaining balance.

Your credit score improves immediately.

You avoid paying any fees.

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