How do interest and fees impact financial aspects?

Financial Literacy Quiz

Quiz
•
others
•
12th Grade
•
Hard
Terry Walker
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They have no impact on spending, debt, and savings.
They only affect savings.
They impact spending, debt, and savings.
They only affect debt.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be compared in terms of interest rates, fees, penalties, costs, and benefits?
Only cash transactions
Cash, debit, payment applications, and credit card transactions
Only credit card transactions
Only debit transactions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT mentioned as a financial transaction type?
Cash
Debit
Cryptocurrency
Credit card
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of fees on financial decisions?
They have no impact
They only affect savings
They influence spending, debt, and savings
They only affect spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do revolving credits have interest fees?
Yes
No
Sometimes
Only for secured loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the repayment term for installment credit?
Flexible
Fixed
Variable
Adjustable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the repayment term for open credit?
Fixed
Flexible
Adjustable
Variable
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