Unit 2 Material Econ

Unit 2 Material Econ

12th Grade

22 Qs

quiz-placeholder

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Unit 2 Material Econ

Unit 2 Material Econ

Assessment

Quiz

History

12th Grade

Practice Problem

Easy

Created by

Deana Mullinax

Used 4+ times

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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One difference between a fixed rate card and a variable rate card, is that a variable rate card-

doesn’t have a changing APR, or at least doesn’t change often.

has an APR that changes from time to time and notification is not required.

must first notify you before increasing the APR

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many credit card companies offer ________ to use their cards, such as rebates, frequent flier miles, and “free” gift cards to popular stores.

APRs

incentives

compound interest rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following terms refers to the number you are given based on key pieces of your credit history to calculate your score at the moment?

APR

Credit Limit

Credit Score

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered an excellent credit score?

300

500

800

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the annual percentage rate for purchases for this credit card? 

22.24%

19.24%

28.24%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If you receive a cash advance from the ATM using your credit card, what percent in interest will you pay on that cash?

19.24%

22.24%

28.24%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

On 5/12/22 you went to Target and buy school supplies for $20.50. You then go to Starbucks and buy a drink for $6.50. What is your balance in your checking account at the end of the day?

$27

$473

$479.50

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