Lesson 7-3 Activity

Lesson 7-3 Activity

11 Qs

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Lesson 7-3 Activity

Lesson 7-3 Activity

Assessment

Quiz

others

Practice Problem

Hard

Created by

Joshua Salsbury

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11 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

1.) What is the finance charge?

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2.

OPEN ENDED QUESTION

30 sec • Ungraded

2.) When might a credit cardholder incur a penalty fee?

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3.

OPEN ENDED QUESTION

30 sec • Ungraded

3.) List some costs associated with using credit.

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4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4.) The total dollar amount of all interest and fees you pay for the use of credit

finance charge
balance transfer
billing cycle
cash advance
fixed interest rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.) The period of time between credit card billings

billing cycle
balance transfer
cash advance
finance charge
fixed interest rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6.) An interest rate that goes up and down with inflation and other economic conditions

variable interest rate
balance transfer
billing cycle
cash advance
finance charge

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.) The amount of time you have to pay your credit card balance in full to avoid paying interest

grace period
balance transfer
billing cycle
cash advance
finance charge

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